Thursday, April 5, 2012

Energy Transfer Equity subsidiaries file with FERC for liquefaction project

DALLAS, Texas - Energy Transfer Equity, L.P. (NYSE: ETE) on April 2 announced that its Trunkline LNG Co., Trunkline LNG Export and Trunkline Gas Co. subsidiaries have filed with the Federal Energy Regulatory Commission to build a previously announced natural gas liquefaction project under development in Lake Charles, La.

The Lake Charles liquefaction project is being developed to liquefy domestic supplies of natural gas for export to foreign countries in order to meet the growing world-wide demand for LNG. Exporting LNG to the world market will provide a wide range of economic and employment related benefits for the United States.

Energy Transfer and its subsidiaries continue to work closely with its customer BG Group plc in the development of the project.

As part of the project, Trunkline Gas Company plans to extend its interstate natural gas pipeline approximately half a mile to provide feed gas to the liquefaction facility. The project is currently planned to export up to 15 million metric tons of LNG per year, which is the equivalent of approximately two billion cubic feet per day of natural gas. Pending regulatory approvals, Trunkline LNG Export currently expects to begin project construction in 2014 and is anticipating the project to be in service in the spring of 2018. 

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