Energy Transfer Readies for LNG Plant FID

August 8, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy Transfer LP's (NYSE:ET) (Dallas, Texas) plans for a liquefied natural gas (LNG) production and export plant in Lake Charles, Louisiana, have been on the books for some time, but the company has previously asked U.S. regulators for extensions in the plant's construction. But that seems to be changing, and the plant may be seeing some action sooner rather than later.

The war in Ukraine has heated up the demand for LNG in Europe as countries there attempt to wean themselves from Russian natural gas. U.S. LNG producers, such as Cheniere Energy Incorporated (Houston, Texas) have reported increased cargoes and bumper profits this year. And Energy Transfer wants a piece of the action. The company has made several LNG sales and purchase agreements this year for LNG from the Lake Charles plant.

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