LNG

June 23 (LNGJ) - Energy Transfer, the owner of pipeline and other assets in the Permian Basin and other shale basins in the Gulf Coast states as well as the Cushing crude oil delivery system, has learnt from regulators that its Lake Charles LNG project would not be proceeding as planned. The DoE has released a statement saying it would not rehear pipeline operator Energy Transfer's request for a second extension of its permit to export cargoes from its Lake Charles LNG export project.

   However, the Dallas, Texas-based company had a door left open for the Lake Charles venture when the DoE added that it would consider a fresh application from Energy Transfer if the company was unable to meet its deadline of 2025 for exports to begin from the plant. Energy Transfer is seeking to transform the existing Lake Charles LNG import terminal into an export facility.

Energy Transfer, the owner of pipeline and other assets in the Permian Basin and other shale basins in the Gulf Coast states as well as the Cushing crude oil delivery system and with a currently stalled LNG export project, reported solid first-quarter earnings amid advances in LNG feed-gas pipeline plans.

Energy Transfer LP, the owner of pipeline and other assets in the Permian Basin and Haynesville Shale as well as the Cushing crude oil delivery system, has signed an LNG sale and purchase agreement (SPA) with global commodities firm Gunvor and its third in the past two months for its Lake Charles LNG export project in Louisiana.

Lake Charles LNG, the export project being pursued by pipeline and midstream company Energy Transfer and Royal Dutch Shell, has filed with regulators for an extension to mid-December 2025 for the venture to be completed and a final decision to go-ahead is expected by year-end.