Chevron Expands Deal with ET’s Lake Charles LNG to Buy 3 MTPA

Just as the pandemic began to unfold in early 2020, Shell pulled out of a 50/50 joint venture partnership with Energy Transfer (ET) to build a new LNG export facility in Lake Charles, Louisiana (see Shell Pulls Out of Lake Charles LNG Project, Energy Transfer Stays). Bad move on Shell’s part, if you ask us. Since that time, ET has continued to build support for the project. ET has still not made a final investment decision (FID) to commit billions of dollars, but each year that passes brings the company closer to an FID. In December, ET announced a new customer for its LNG when/if the plant gets built: Chevron. Yesterday, Chevron increased its commitment to the facility.

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