BREAKING: Energy Transfer Suspends Lake Charles LNG Project - American Press

BREAKING: Energy Transfer suspends Lake Charles LNG project - American Press

By Nolan Mckendry | The Center Square Energy Transfer LP said it is suspending development of its proposed liquefied natural gas export terminal in Southwest Louisiana as it reallocates capital toward a backlog of natural gas pipeline infrastructure projects expected to offer better risk-adjusted returns. In a news release, the company said the continued development of its Lake Charles terminal “is not warranted” at this time. It remains open to…

Energy Transfer announces suspension of development of Lake Charles LNG

Energy Transfer LP announced that it is suspending development of the Lake Charles LNG project in order to focus on allocating capital to its significant backlog of natural gas pipeline infrastructure projects that Energy Transfer believes provide superior risk/return profiles.