U.S. LNG Developers Seek Higher Delivery Prices as Costs Surge

Some U.S. LNG exporters are looking to raise their delivery prices in renegotiations of contracts with buyers as rising costs have reduced the profitability of LNG projects in recent years, Reuters reports, citing sources familiar with the plans. Energy Transfer, which is working to convert its existing Lake Charles LNG import facility in Louisiana into an LNG export facility, has already started renegotiations, company officials said on the Q4 earnings call last month. Energy Transfer is renegotiating its sales and purchase agreement (SPAs) from…