US pipeline operator Energy Transfer LNG has entered a Sale and Purchase Agreement (SPA) with Shell to supply 2.1 Mt/year of LNG for 20 years to the British petroleum company. The deal for supplies from its proposed Lake Charles facility located in the US state of Louisiana comes as demand and prices for LNG are soaring due to the war in Ukraine.
The first deliveries are expected to commence as early as 2026. The SPA will become fully effective upon the satisfaction of the conditions precedent, including Energy Transfer LNG taking a final investment decision (FID).
Energy Transfer LNG has announced six SPAs in the last five months, bringing the total amount of LNG contracted from its Lake Charles LNG export facility to nearly 8 Mt/year.
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