MidOcean to join Louisiana’s Lake Charles LNG project

BATON ROUGE, April 10, 2025 – MidOcean Energy will fund 30% of construction and take 30% of output from Energy Transfer’s Lake Charles LNG export project in Louisiana, the companies said on Wednesday.

The heads of agreement sets the stage for joint development of the Louisiana-based facility, giving MidOcean rights to around 5 million tonnes per year of LNG and the option to secure its own gas supply, backed by long-term transport on Energy Transfer pipelines.

“We are pleased to have MidOcean partner with us on our Lake Charles LNG project and we believe its participation will provide a significant catalyst towards reaching positive FID,” president of Energy Transfer LNG Tom Mason said. “MidOcean’s management team brings a wealth of LNG experience to the project. In addition, Energy Transfer and EIG already have an established relationship that will only be strengthened through this transaction.”

“This agreement has the potential to transform MidOcean’s portfolio, providing a material volume of advantaged Atlantic Basin supply,” MidOcean CEO De la Rey Venter said. “This complements our current assets, which are all located in the Asia-Pacific Basin. Geographical diversity is a key enabler for value delivery from an LNG portfolio. MidOcean considers Lake Charles LNG to be one of the most advantaged US LNG projects under development. We look forward to a deep and fruitful multi-decade partnership with Energy Transfer.”

If the project reaches a final investment decision, it will be built on an existing brownfield regasification site, using four LNG storage tanks, two deep water berths and direct connections to the Trunkline system linking to the Haynesville, Permian and Marcellus basins.

Lake Charles LNG is a proposed export facility with planned capacity of up to 16.5 million tonnes per year. It is strategically located on the US Gulf Coast and will leverage existing infrastructure to reduce construction costs and timelines. The project is being developed by Energy Transfer LNG, a subsidiary of Energy Transfer, one of the largest and most diversified midstream energy companies in North America.

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