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Stock impact report

Energy Transfer Made a Surprising Decision [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
It plans to focus on other expansion opportunities. 10 stocks we like better than Energy Transfer › Energy Transfer (NYSE: ET) has been trying to convert its Lake Charles terminal to a liquefied natural gas (LNG) export facility for the past decade. After numerous delays, the company appeared to be on the precipice of finally making a Final Investment Decision (FID) on that project early next year. However, instead of approving the project, the company announced its surprising decision to suspend the development of Lake Charles LNG. Here's a look at what drove this decision and what it means for the master limited partnership's ( MLP ) future. Energy Transfer has been working on developing an LNG export terminal in Lake Charles, LA, for more than a decade. The company designed the project with the capacity to liquify and export 16.5 million metric tons per annum. However, it has had to overcome several obstacles over the years, including challenging marketing conditions, the Show less Read more
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