Energy Transfer, Shell Issue Invitation to Tender for Lake Charles LNG Project

DALLAS & HOUSTON–(BUSINESS WIRE)–The Lake Charles LNG project, led by Energy Transfer LP (NYSE: ET) and
Shell US LNG, LLC (Shell), has issued an Invitation to Tender (ITT) to
U.S. and international consortia to bid for the Engineering, Procurement
and Construction (EPC) contract to convert Energy Transfer’s existing
Liquefied Natural Gas (LNG) import facility in Lake Charles, Louisiana
to a proposed large-scale LNG export project.


The ITT follows the signing of the Project Framework Agreement between
Shell and Energy Transfer in March, outlining the commercial terms and
pathway to progress development of a proposed 16.45 million tonnes per
annum (mtpa) LNG export project in Lake Charles toward a potential final
investment decision (FID).

We are excited to announce this major milestone in the development of
the Lake Charles LNG liquefaction project,” said Tom Mason, President,
Lake Charles LNG. “The prospective bidders are world-class EPC
contractors who will bring extensive LNG experience to bear as they
develop their bids.”

The invitation to tender is another step in our journey to progress a
competitive and safe LNG project on the U.S. Gulf Coast,” said Frederic
Phipps, Vice President of the Lake Charles LNG project. “Already,
leading EPC providers have expressed interest in participating in Lake
Charles LNG, a project that will contribute to growing U.S. LNG exports
should a FID be taken.”

The Lake Charles project is a 50/50 venture between Energy Transfer and
Shell. The project, if sanctioned through an affirmative FID, would
convert Energy Transfer’s existing Lake Charles LNG import and
regasification terminal to an LNG export facility with a liquefaction
capacity of 16.45 mtpa to export U.S. natural gas to global customers.
The project is fully permitted, uses existing infrastructure and
benefits from abundant natural gas supply and proximity to major
pipeline infrastructure, including Energy Transfer’s vast pipeline
network.

Energy Transfer LP (NYSE: ET) owns and operates one of the
largest and most diversified portfolios of energy assets in the United
States, with a strategic footprint in all of the major U.S. production
basins, ET is a publicly traded limited partnership with core operations
that include complementary natural gas midstream, intrastate and
interstate transportation and storage assets; crude oil, natural gas
liquids (NGL) and refined product transportation and terminalling
assets; NGL fractionation; and various acquisition and marketing assets.
ET, through its ownership of Energy Transfer Operating, L.P., formerly
known as Energy Transfer Partners, L.P., also owns the general partner
interests, the incentive distribution rights and 28.5 million common
units of Sunoco LP (NYSE: SUN), and the general partner interests and
39.7 million common units of USA Compression Partners, LP (NYSE: USAC).

Shell

Shell has been a pioneer in LNG for more than 50 years and is involved
in every stage of the LNG value chain: from finding the fields,
extracting the gas and liquefying it; to shipping LNG and turning it
back into gas; to distributing it to customers. Shell has LNG supply
projects around the world, as well as interests in and long-term
capacity access to regasification plants. Shell US LNG, LLC is a wholly
owned subsidiary of Royal Dutch Shell plc.

Energy Transfer Forward-Looking Statement

This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management’s
control. An extensive list of factors that can affect future results are
discussed in the Energy Transfer LP Annual Report on Form 10-K and other
documents filed from time to time with the Securities and Exchange
Commission. Energy Transfer undertakes no obligation to update or revise
any forward-looking statement to reflect new information or events.

Royal Dutch Shell Cautionary Note

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“Shell”, “Shell group” and “Royal Dutch Shell” are sometimes used for
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or to those who work for them. These terms are also used where no useful
purpose is served by identifying the particular entity or entities.
“Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in
this press release refer to entities over which Royal Dutch Shell plc
either directly or indirectly has control. Entities and unincorporated
arrangements over which Shell has joint control are generally referred
to as “joint ventures” and “joint operations”, respectively. Entities
over which Shell has significant influence but neither control nor joint
control are referred to as “associates”. The term “Shell interest” is
used for convenience to indicate the direct and/or indirect ownership
interest held by Shell in an entity or unincorporated joint arrangement,
after exclusion of all third-party interest.

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meaning of the U.S. Private Securities Litigation Reform Act of 1995)
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industry competition; (g) environmental and physical risks; (h) risks
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year ended December 31, 2018 (available at www.shell.com/investor
and www.sec.gov).
These risk factors also expressly qualify all forward looking statements
contained in this press release and should be considered by the reader.
Each forward-looking statement speaks only as of the date of this press
release: May 3, 2019. Neither Royal Dutch Shell plc nor any of its
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forward-looking statements contained in this press release.

We may have used certain terms, such as resources, in this press release
that United States Securities and Exchange Commission (SEC) strictly
prohibits us from including in our filings with the SEC. U.S. Investors
are urged to consider closely the disclosure in our Form 20-F, File No
1-32575, available on the SEC website www.sec.gov.

Contacts

Energy Transfer Contacts:
Investor Relations:
William
Baerg, Brent Ratliff, Lyndsay Hannah, 214-981-0795

Media Relations:
Vicki Granado and Alexis Daniel,
214-840-5820

Shell Contacts:
Shell Media Relations
International:
+44 207 934 5550
Americas: +1 832 337 4355

Shell Investor Relations
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North
America: +1 832 337 2034

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