Energy Transfer LP's subsidiary, Energy Transfer LNG Export, LLC, has signed an incremental 20-year Sale and Purchase Agreement (SPA) with Chevron U.S.A. Inc. for an additional 1.0 million tonnes per annum (mtpa) of LNG supply from its Lake Charles LNG export facility.
This new agreement increases Chevron's total contracted volume from Energy Transfer LNG to 3.0 mtpa, building upon the initial 2.0 mtpa agreement signed in December 2024. The LNG will continue to be supplied on a free-on-board (FOB) basis, with pricing linked to a fixed liquefaction charge and the Henry Hub benchmark.
The expanded commitment from Chevron further strengthens the commercial foundation of the Lake Charles LNG project, which remains subject to Energy Transfer LNG taking a positive final investment decision and other conditions. This development underscores the growing global demand for reliable, long-term LNG supply and Energy Transfer's strategic position to meet it.
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