Press Releases
March 30, 2020
DALLAS--(BUSINESS WIRE)--Mar. 30, 2020-- Energy Transfer LP (NYSE: ET) announced today that it will take over development of the Lake Charles LNG export project following Shell’s announcement that it has decided not to proceed with an equity investment in the project. Shell advised Energy Transfer that its decision was made in light of current market conditions. Energy Transfer will take over the role of lead project developer and will continue the development of the project. In this regard, Energy Transfer will evaluate various alternatives to advance the project, including the possibility of bringing in one or more equity partners and reducing the size of the project from three trains (16.45 mtpa of LNG capacity) to two trains (11.0 mtpa).
Industry News
February 2021 – American Petroleum Institue
A study released by API and conducted by researchers at ICF examines the environmental benefits of U.S. natural gas use in China, Germany, and India, finding that using U.S. liquefied natural gas (LNG) rather than coal for electricity generation produces on average 50.5 percent fewer greenhouse gas (GHG) emissions in all base case scenarios studied.
Dec. 22, 2019 – Oilprice.com, by Anes Alic
Drillers and investors who are getting pummeled in the threadbare LNG market might not be sold anymore on the idea that natural gas is the fuel of the future, but it’s not only the future: It’s the key to every major global energy strategy in the world right now.
Dec. 11, 2019 – The Advocate, by: Randy Hayden
Earlier this month, Energy Transfer and Shell announced that a comprehensive commercial tender package has been issued to engineering, procurement and construction contractors to submit final commercial bids for the proposed Lake Charles LNG liquefaction project under consideration in Lake Charles.
Dec. 5, 2019 – Natural Gas Intelligence, by: James Cocklin
FERC on Thursday granted the developers of a liquefied natural gas (LNG) terminal in Calcasieu Parish, LA, a five-year extension to build export facilities and place them in-service as the project moves toward a final investment decision.
Nov. 21, 2019 – BIC Magazine
Abundant shale gas production in the US has enabled the country to export natural gas as liquefied natural gas (LNG) to global markets.
Nov. 15, 2019 – San Antonio News-Express, by: Bernard L. Weinstein
For several years, the United States has been the world’s largest producer of natural gas. Production reached an all-time high of 93 billion cubic feet per day last month, up nearly 15 percent over the past year.
Nov. 5, 2019 – RIGZONE, by: Jude Clemente
Natural gas is the cleanest, most versatile, and most flexible fossil fuel. Gas emits 50 percent less CO2 than coal and 30 percent less than oil, not to mention having near zero local pollutants that cause smog.
Nov. 3, 2019 – The Daily Iberian, by: Randy Hayden
As The Advocate recently noted, the state of Louisiana now leads the nation in natural gas exports. This is great news for our state — particularly in light of the number of proposed export facilities that promise to maintain economic growth for the Gulf Coast for years to come.
Oct. 30, 2019 – The Advocate, by: Kristen Mosbrucker
The Louisiana Energy Export Association, a lobbying group for LNG, estimates that its members expect to invest $60 billion in the state economy over the next 10 years with more than 20,000 construction jobs supported and 1,500 full-time jobs at the LNG terminals once completed.
Oct. 3, 2019 – Forbes, by: Michael Lynch
U.S. exports are revolutionizing the global LNG market by driving competition and reducing global gas prices. More natural gas consumption globally helps reduce greenhouse gas emissions, to everyone’s benefit.
Sept. 16, 2019 – Louisianians For Energy
Lake Charles LNG, for example, is expected to generate 5,000 jobs during construction and 200 full-time positions when operational. Over the next several years, the construction of energy facilities like it will support thousands of construction jobs, economic development opportunities, and new streams of tax revenue.
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