Energy Transfer signs 20-year LNG supply deal with Chevron USA, increasing total contracted volume.

From Yahoo Finance: 2025-06-28 13:24:00

Energy Transfer LP (NYSE: ET) is one of Goldman Sachs’ top energy stock picks, signing a new LNG supply deal with Chevron USA. The 20-year agreement increases Chevron’s total contracted volume to 3.0 mtpa, supplied on a FOB basis with fixed liquefaction charge and gas supply indexed to Henry Hub benchmark.

The deal strengthens the partnership between Energy Transfer and Chevron, meeting the growing demand for long-term LNG supply. Energy Transfer has secured commitments with MidOcean Energy and Kyushu Electric Power Company for 1.0 mtpa. ET operates in the midstream sector, transporting and storing natural gas, crude oil, NGLs, and refined products.

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Read more: Energy Transfer (ET) Expands Chevron’s Partnership with New LNG Supply Deal