Energy Transfer signs KBR, Technip Energies to build Louisiana LNG plant (updated)

KBR

17/10/2024 22:53

(Adds background and context at paragraphs 3-5)
       HOUSTON, Oct 17 (Reuters) - Pipeline operator Energy
Transfer  ET.N  has signed a preliminary contract with a
consortium to build its proposed Lake Charles liquefied natural
gas (LNG) plant, a filing with federal regulators on Thursday
shows.
    The Technip Energies and KBR deal is subject to a final
investment decision (FID) for the Lake Charles LNG project in
Louisiana, Energy Transfer said in a filing to the Federal
Energy Regulatory Commission. Terms were not disclosed.
    Energy Transfer has been trying to develop the project in
Lake Charles, Louisiana, since 2015 but has not signed enough
customers for the proposed 16.5 million metric tonnes per annum
(MTPA) facility to move it ahead. It has two missed its targets
for reaching FID. 
        The project also requires a U.S. permit to export the
superchilled gas to countries that do not have a free trade
agreement with the United States, so called non-FTA countries.
  
        In 2023, the U.S Department of Energy denied Energy
Transfer's 
    request for a second extension
     to export to non-FTA countries and the company subsequently
filed a request for a new permit. 
  

 (Reporting by Curtis Williams)
 ((Curtis.Williams@thomsonreuters.com; +1 469-691-7668;))