Commodities
Chevron to Buy LNG From Energy Transfer’s Louisiana Terminal
- Deal is the first signed since Biden released major LNG study
- Key permit for proposed Lake Charles site is still pending
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Chevron Corp. has signed a 20-year deal to buy liquefied natural gas exports from Energy Transfer LP’s proposed Lake Charles terminal in Louisiana, according to a statement from Energy Transfer released Thursday.
The deal is the first LNG purchase agreement to be signed after a major study was released by the Energy Department on Tuesday. The report examined the impact of increased US fuel shipments, which was the driver for the Biden administration’s pause in late January on issuing new LNG export permits.