Energy Transfer reaches agreement with Chevron for additional 1 MMtpa LNG supply

Energy Transfer has signed an incremental Sale and Purchase Agreement (SPA) with Chevron for additional LNG supply from its Lake Charles LNG export facility. The 20-year agreement for 1.0 million tonnes per annum (MMtpa) increases Chevron’s total contracted volume from Energy Transfer LNG to 3.0 MMtpa, following the initial 2.0 MMtpa agreement signed in December 2024. 

The obligations of Energy Transfer LNG under the SPA remain subject to Energy Transfer LNG taking a positive final investment decision (FID) as well as the satisfaction of other conditions precedent.

“This agreement marks a significant milestone in our growing partnership with Chevron and underscores the increasing global demand for reliable, long-term LNG supply,” said Tom Mason, President of Energy Transfer LNG. “With Energy Transfer’s strategic infrastructure and connectivity to key production basins, Lake Charles LNG is poised to be a premier export facility, providing long-term value to our partners and the industry."

“This expanded LNG agreement reflects the growing strength of Chevron’s global gas business,” said Freeman Shaheen, President, Chevron Global Gas. “With a diverse, reliable, and flexible supply network, we’re committed to delivering affordable, reliable, and ever-cleaner energy to meet global demand and the evolving needs of our customers.”

The latest SPA with Chevron builds on Energy Transfer’s momentum in securing long-term LNG commitments for Lake Charles LNG. Recent agreements also include a Heads of Agreement (HOA) with MidOcean Energy for approximately 5.0 MMtpa and an SPA with Kyushu Electric Power Company for 1.0 MMtpa.