Energy Transfer signs preliminary deal for Louisiana LNG plant construction [Yahoo! Finance]
Energy Transfer LP Common Units (ET)
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Source: Yahoo! Finance
Energies and KBR for the construction of its proposed Lake Charles LNG plant in the US state of Louisiana, reported Reuters This development is contingent on an FID for the project, the publication reported, citing a filing by the company with the Federal Energy Regulatory Commission. Since 2015, Energy Transfer has been endeavouring to develop the Lake Charles LNG project but has faced challenges in securing sufficient customer commitments for the 16.5mtpa facility. Despite being fully permitted for three 5.5mtpa liquefaction trains, which would leverage existing infrastructure, the project has missed two FID targets. A critical aspect of the project's advancement is the acquisition of a US permit to export LNG to countries without a free trade agreement with the US, known as non-FTA countries. After the US Department of Energy denied Energy Transfer's request for a second extension to export to non-FTA countries in 2023, the company filed for a new permit. KBR recently s
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