Energy Transfer terminates offtake agreements with some customers of suspended Lake Charles LNG project

Reuters
02/21
Energy Transfer terminates offtake agreements with some customers of suspended Lake Charles LNG project

By Curtis Williams

HOUSTON, Feb 20 (Reuters) - Energy Transfer ET.N has terminated offtake agreements with some customers of its suspended Lake Charles liquefied natural gas project in Louisiana, according to a filing with the U.S. Securities and Exchange Commission on Thursday.

Here are some details:

  • "Several LNG offtake agreements have been terminated based on the nonsatisfaction of the condition related to making a final investment decision by the date specified in the applicable LNG offtake agreement," Energy Transfer said in a 10K filing.

  • Energy Transfer in December said it was suspending the development of the facility.

  • Lake Charles LNG was projected to have a liquefaction capacity of 16.45 million metric tons per annum, with customers such as U.S. oil producer Chevron CVX.N that had committed to buying 3 mtpa.

  • Energy Transfer said sales and purchase agreements not tied to it making a final investment decision remain intact, and it is prepared to include them as part of any sale of the project.

  • Energy Transfer is not prepared to fund any part of the project but would be interested in providing it with gas, the company said in the filing.

(Reporting by Curtis Williams in Houston; Editing by Nathan Crooks, Rod Nickel)

((Curtis.Williams@thomsonreuters.com; +1 346 324 7560;))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10