Chevron Locks In More LNG From Energy Transfer's Lake Charles Project

Energy Transfer LP (NYSE:ET) on Wednesday announced an expanded liquefied natural gas (LNG) supply agreement with Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE:CVX), strengthening their long-term energy partnership.

The new 20-year deal adds 1 million tonnes per annum (mtpa) to Chevron’s existing commitment, bringing the total to 3 mtpa.

The LNG will be delivered from Energy Transfer’s planned Lake Charles export facility on a free-on-board basis, with pricing tied ...