Restructuring in Lake Charles LNG project
March 30, 2020
The Lake Charles LNG project will be restructured since Shell has decided to exit the project. Shell will provide support to the ongoing bidding process for the engineering, procurement and construction contract and then plan a phased handover of the remaining activities. Lake Charles LNG is a proposed 50/50 project between Shell and Energy Transfer that seeks to convert Energy Transfer’s existing import terminal to an LNG export facility in Lake Charles, Louisiana. The project has a proposed liquefaction capacity of 16.45 MTPA for US natural gas export to global customers. In addition to its brownfield advantages and permits, the project has an existing pipeline infrastructure. Shell entered the project in its 2016 combination with BG Group plc.
Edited from Shell’s press release
