HomeNewsEnergy Transfer terminates offtake agreements with some customers of suspended Lake Charles LNG project

Energy Transfer terminates offtake agreements with some customers of suspended Lake Charles LNG project

2/23/2026

Energy Transfer has terminated offtake agreements with some customers of its suspended Lake Charles liquefied natural gas project in Louisiana, according to a filing with the U.S. Securities and Exchange Commission on Thursday.

Here are some details:

  • "Several LNG offtake agreements have been terminated based on the nonsatisfaction of the condition related to making a final investment decision by the date specified in the applicable LNG offtake agreement," Energy Transfer said in a 10K filing.
  • Energy Transfer in December said it was suspending the development of the facility.
  • Lake Charles LNG was projected to have a liquefaction capacity of 16.45 metric MMtpy, with customers such as U.S. oil producer Chevron that had committed to buying 3 metric MMtpy.
  • Energy Transfer said sales and purchase agreements not tied to it making a final investment decision remain intact, and it is prepared to include them as part of any sale of the project.
  • Energy Transfer is not prepared to fund any part of the project but would be interested in providing it with gas, the company said in the filing.

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