Energy Transfer to Appeal DOE Decision Regarding LNG Export Extension

May 4, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy Transfer LP's (NYSE:ET) (Dallas, Texas) plans to build a liquefied natural gas (LNG) export facility in Lake Charles, Louisiana, have been in the works for a number of years. Last year, the company received a three-year extension from the U.S. Federal Energy Regulatory Commission (FERC) allowing construction to be completed in 2028 rather than 2025. After this, Energy Transfer applied to the U.S. Department of Energy (DOE) to allow exports to countries without a free trade agreement (FTA) with the U.S. to begin in late 2028 rather than 2025. The DOE denied the application. In the company's recent earnings conference call, Chief Financial Officer Tom Long said Energy Transfer would appeal the decision and discussed the status of other company projects.

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