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Stock impact report

Energy Transfer (ET) Halts the Development of Lake Charles LNG Facility [Yahoo! Finance]

Energy Transfer LP Common Units (ET) 
Last energy transfer lp common units earnings: 2/19 04:10 pm Check Earnings Report
US:NYSE Investor Relations: about.etrade.com/index.cfm
Company Research Source: Yahoo! Finance
Energy Transfer LP (NYSE:ET) is one of the largest and most diversified midstream energy companies in North America, with a strategic footprint across all major US production basins. Energy Transfer LP (NYSE:ET) announced on December 18 that it is suspending development of its Lake Charles LNG export facility in Louisiana, amid fears of a looming LNG supply glut next year. Instead, the company wants to focus its attention and funds on the natural gas pipelines, which it believes is a more lucrative business. The strategic decision comes as Energy Transfer LP (NYSE:ET) still sees itself as a pipeline operator rather than an LNG-focused company, especially with LNG margins getting squeezed due to lower prices. In this regard, the company also announced it would increase the transportation capacity of its planned Transwestern pipeline expansion to meet significant regional growth demand. The diameter of the Desert Southwest project's main pipeline will be raised from 42 to 48 inches Show less Read more
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