$16 Billion LNG Project by Energy Transfer Being Strongly Considered

Energy Transfer is seriously considering pursuing a major import-to-export LNG conversion project near Lake Charles, Louisiana by 2020. The cost is estimated to be $16.45 billion.

The company ultimately envisions having three LNG trains at the site capable of exporting 16.45 million metric tons of LNG per year.

Energy Transfer LP owns and operates plenty of natural gas pipeline networks and storage facilities, but the company has yet to build its own export terminal.

Energy Transfer LP is inching closer and closer towards throwing its hat into the liquefied natural gas exporting ring at a time when the most underutilized assets within Energy Transfer’s operations is its liquefied natural gas import terminal in Lake Charles, Louisiana.

Source:
Seeking Alpha