Energy Transfer and EIG’s MidOcean Close to Finalizing US LNG Supply Deal

Energy Transfer and EIG's MidOcean Close to Finalizing US LNG Supply Deal

(Bloomberg) — Energy Transfer LP is nearing an agreement to sell liquefied natural gas from its planned Lake Charles export terminal in Louisiana to MidOcean Energy, a subsidiary of investment firm EIG Global Energy Partners, according to people familiar with the matter.

Energy Transfer and EIG’s MidOcean Close to Finalizing US LNG Supply Deal

Energy Transfer LP is nearing an agreement to sell liquefied natural gas from its planned Lake Charles export terminal in Louisiana to MidOcean Energy, a subsidiary of investment firm EIG Global Energy Partners, according to people familiar with the matter.

Sides close to finalizing deal involving LNG supply at Lake Charles terminal

Energy Transfer LP is nearing an agreement to sell liquefied natural gas from its planned Lake Charles export terminal to MidOcean Energy, Bloomberg writes.  The closing of the deal would solidify a heads of agreement between Energy Transfer and MidOcean, a subsidiary of investment firm EIG Global Energy Partners, announced in April. The agreement calls for MidOcean to commit to 30% of the Lake Charles construction costs and entitle it to receiv…