Energy Transfer, Gunvor Ink 20-Year LNG Supply Deal
(Reuters) — U.S. pipeline company Energy Transfer LP will supply two million tonnes of LNG per annum to the Singapore unit of trading house Gunvor Group Ltd. as part of a 20-year deal announced on Monday.
The LNG will be supplied from Energy Transfer's Lake Charles project in Louisiana and first deliveries are expected to begin as early as 2026.
Gas companies have in recent months rushed to cash in on a surge in natural gas prices as Western sanctions on Russian supply jolted an already tight market.
Last month, Energy Transfer signed deals to supply a total of 2.7 million tonnes of LNG to China's ENN Natural Gas and ENN Energy Holdings Ltd.
Separately, NextDecade Corp. said on Monday it would supply 1.75 million metric tonnes per annum of LNG to French energy group Engie SA.
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