July 13 (LNGJ) – US pipelines and terminals company Energy Transfer LP has entered into three non-binding Heads of Agreement deals including one for Japan and one for commodities firm Gunvor. One accord specifies that a Japanese consortium would buy 1.6 MTPA over 20 years subject to an option to convert the offtake to an equity participation providing for the same LNG volume.
Under a second HOA Chesapeake Energy Marketing of the US would supply the Lake Charles plant with feed gas sufficient to produce 1.0 MTPA of LNG for a period of 15 years and, post liquefaction, the volumes would be bought by Gunvor’s Singapore trading unit. That deal is for 15 years and linked to the Japan-Korea Marker price. The third HOA is with an unnamed US customer and relates to a tolling arrangement for 1.0 MTPA over 15 years.
