Energy Transfer plans to convert its existing Lake Charles LNG import and regasification facility into a LNG export facility.

The project is fully permitted for three 5.5 MTPA liquefaction trains that utilize existing infrastructure.

In July 2023, Energy Transfer announced that it entered into three non-binding Heads of Agreement related to long-term LNG offtake from its Lake Charles LNG project for an aggregate of 3.6 mtpa. One of the HOAs specifies that a Japanese consortium would purchase 1.6 mtpa for a 20-year term, subject to an option to convert the offtake arrangement to an equity participation providing for the same volume of LNG. Under one of the HOAs, Chesapeake Energy Marketing LLC would supply to Lake Charles LNG volumes of natural gas sufficient to produce 1.0 mtpa of LNG for a period of 15 years and, post liquefaction, Gunvor Singapore Pte Ltd would purchase LNG from Chesapeake at a price indexed to the Japan Korea Marker (JKM) for a period of 15 years. The other HOA is with a U.S. customer and relates to a tolling arrangement for 1.0 mtpa for a 15-year term. The HOAs are subject to the negotiation and execution of definitive agreements.