Energy Transfer and ENN sign two 20-year SPAs

March 30, 2022

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ENN Natural Gas and ENN Energy Holdings Limited have entered into LNG SPAs with Energy Transfer LNG Export, LLC, a subsidiary of Energy Transfer LP, related to its Lake Charles LNG project.

Under the two SPAs, Energy Transfer LNG is expected to supply 1.8 MTPA of LNG to ENN NG, and 0.9 MTPA of LNG to ENN Energy on an FOB basis. Both SPAs are for a 20-year term and first deliveries are expected to begin as early as 2026. The price is indexed to Henry Hub plus a fixed liquefaction charge.

Edited from Energy Transfer’s Press Release