Energy Transfer Cancels LNG Project

Energy Transfer has dropped plans to build an LNG plant in Louisiana to focus on natural gas pipelines, which are a more lucrative business. The decision follows reports that Energy Transfer was planning to make the final investment decision on the Lake Charles LNG project by the end of this year. Lake Charles LNG was fully permitted, it was going to use existing infrastructure, and was expected to benefit from an abundant natural gas supply through existing connections to the Henry Hub and connectivity to Energy Transfer’s vast network of…