Energy Transfer LP and MidOcean Energy LLC are working on an equity offtake agreement for Lake Charles LNG that could bring the project closer to a final investment decision (FID) later this year.
Expand
Under a tentative heads of agreement (HOA), Energy Transfer agreed to sell 30% of its LNG development unit and around 5 million tons/year (Mt/y) of production to MidOcean, an LNG investment firm managed by EIG Partners.
Energy Transfer LNG President Tom Mason said the agreement is a “significant catalyst” to pushing the 16.45 Mt/y project to FID by the fourth quarter.