Energy Transfer rises on LNG supply deal with SK Gas

SK Gas

03/05/2022 18:16

** U.S. pipeline company Energy Transfer LP's shares  ET.N 
climb 3.8% to $11.70
    ** ET to supply liquefied natural gas (LNG) of about 0.4 mln
tonnes per annum (mtpa) to South Korea's SK Gas'  018670.KS 
U.S. trading unit, from company's Lake Charles LNG export
facility in Louisiana  urn:newsml:reuters.com:*:nL3N2WV2EK
    ** Tuesday's deal is ET's fourth supply agreement announced
in the last four weeks, bringing the total amount of LNG
contracted from its Lake Charles LNG export facility to 5.1 mtpa
    ** Supply deal is for a term of 18 years, and first
deliveries are expected to commence as early as 2026
    ** ET up 42% so far this year

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))