Energy Transfer Seeks LNG Project Partners Before FID

Energy Transfer Seeks LNG Project Partners Before FID

Energy Transfer will only make the final investment decision on the Lake Charles LNG project after it finds buyers for 80% of its equity, the company said in its third-quarter earnings call. The Lake Charles LNG facility is a conversion of an import and regasification terminal into an export terminal. Earlier in the year, Energy Transfer said it aimed to make the final investment decision for the project by the end of 2025. Now, things look diff…

Why Energy Transfer is delaying its Lake Charles LNG project

Energy Transfer is tapping the brakes on Lake Charles LNG, saying it won’t give the Louisiana export project a final financial go-ahead until 80% of the development is sold to outside equity partners, Reuters writes.  The company has long-term buyers for most of the 16.5 MTPA project, but rising construction costs and risk exposure have pushed leadership to demand stronger capital sharing before committing. MidOcean Energy is positioned to take …

Feast or famine for LNG owners depends on FIDs

The global fleet of about 750 LNG carriers has been generating strong returns recently but the robust market is likely to weaken for at least a year or two.

Energy Transfer Will Not Greenlight Lake Charles LNG Project Before 80% Sold to Equity Partners - Energy News, Top Headlines, Commentaries, Features & Events

U.S. pipeline operator Energy Transfer will not give its Lake Charles liquefied natural gas export facility in Louisiana a financial go ahead until 80% of the project has been sold to equity partners, company executives said on Wednesday on a post-earnings call. Energy Transfer has been developing the 16.5 million metric tonnes per annum LNG ...