Edition:
India

Energy Transfer Announces Restructuring Of Lake Charles LNG Project


Monday, 30 Mar 2020 

March 30 (Reuters) - Energy Transfer LP ::ENERGY TRANSFER ANNOUNCES RESTRUCTURING OF LAKE CHARLES LNG PROJECT.ENERGY TRANSFER LP - ENERGY TRANSFER TO TAKE OVER AS PROJECT DEVELOPER AS SHELL EXITS PROJECT DUE TO CURRENT MARKET CONDITIONS.ENERGY TRANSFER LP - SHELL ADVISED ENERGY TRANSFER THAT DECISION TO EXIT WAS MADE IN LIGHT OF CURRENT MARKET CONDITIONS.ENERGY TRANSFER LP - WILL EVALUATE VARIOUS ALTERNATIVES TO ADVANCE PROJECT.ENERGY TRANSFER LP - REMAIN IN DISCUSSIONS WITH SEVERAL SIGNIFICANT LNG BUYERS FROM EUROPE AND ASIA REGARDING LNG OFFTAKE ARRANGEMENTS.ENERGY TRANSFER - REMAIN IN DISCUSSIONS WITH MANY SIGNIFICANT LNG BUYERS FROM EUROPE, ASIA REGARDING POTENTIAL EQUITY INVESTMENT IN LAKE CHARLES PROJECT.