Lake Charles Export Receives FERC’S Final Environmental Impact StatementEnergy Transfer Equity, L.P. August 17, 2015 4:32 PM
Energy Transfer Equity, L.P. (ETE) and Energy Transfer Partners, L.P. (ETP) (collectively, “Energy Transfer”) announced today that they have received FERC’s Final Environmental Impact Statement (“FEIS”) for the Lake Charles LNG Export Company, LLC (“Lake Charles Export”) liquefaction project (“Project”). This issuance starts the 90-day period in which other federal agencies are to complete their review of the Project and issue any required agency authorizations. That decision deadline is November 12, 2015. The FERC authorization for the Project is expected to be issued during this 90-day period.
Final investment decisions from both Energy Transfer and BG Group (BG.L) (”BG”) are expected in mid-2016, with construction to start immediately thereafter and first LNG exports anticipated in mid-2020.
Energy Transfer Partners, L.P. (ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP’s subsidiaries include Panhandle Eastern Pipe Line Company, LP (the successor of Southern Union Company) and Lone Star NGL LLC, which owns and operates natural gas liquids storage, fractionation and transportation assets. In total, ETP currently owns and operates more than 62,000 miles of natural gas and natural gas liquids pipelines. ETP also owns the general partner, 100% of the incentive distribution rights, and approximately 67.1 million common units in Sunoco Logistics Partners L.P. (SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP owns 100% of Sunoco, Inc. Additionally, ETP owns the general partner, 100% of the incentive distribution rights and approximately 66% of the limited partner interests in Sunoco LP (formerly Susser Petroleum Partners LP) (SUN), a wholesale fuel distributor and convenience store operator. ETP’s general partner is owned by ETE. For more information, visit the Energy Transfer Partners, L.P. web site at www.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a master limited partnership which owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (ETP) and approximately 23.6 million ETP Common Units and 81.0 million ETP Class H Units, which track 90% of the underlying economics of the general partner interest and the IDRs of Sunoco Logistics Partners L.P. (SXL), and 100 ETP Class I Units. On a consolidated basis, ETE’s family of companies owns and operates approximately 71,000 miles of natural gas, natural gas liquids, refined products, and crude oil pipelines. For more information, visit the Energy Transfer Equity, L.P. web site at www.energytransfer.com.
Energy Transfer Forward-Looking Statements
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. Among those is the risk that the anticipated benefits from the proposed transaction cannot be fully realized. An extensive list of factors that can affect future results are discussed in the Partnerships’ Annual Reports on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnerships undertake no obligation to update or revise any forward-looking statement to reflect new information or events.
The information contained in this press release is available on Energy Transfer’s website at www.energytransfer.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150817006251/en/
Contact:
- Oil, Gas, & Consumable Fuels
- Energy Transfer Partners
- Energy Transfer
- Energy Transfer Equity
- natural gas liquids
Energy Transfer Investor Relations: Brent Ratliff, 214-981-0700 or Lyndsay Hannah, 214-840-5477 or Media Relations: Granado Communications Group Vicki Granado, 214-599-8785 214-498-9272 (cell)
- Forums
- ASX - By Stock
- LNG
- ETE, ETP & BG LNG at lake Charles
ETE, ETP & BG LNG at lake Charles
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online