Lake Charles Export Receives FERC’S Final Environmental Impact
DALLAS--(BUSINESS WIRE)--Aug. 17, 2015--
Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners,
L.P. (NYSE: ETP) (collectively, “Energy Transfer”) announced today that
they have received FERC’s Final Environmental Impact Statement (“FEIS”)
for the Lake Charles LNG Export Company, LLC (“Lake Charles Export”)
liquefaction project (“Project”). This issuance starts the 90-day period
in which other federal agencies are to complete their review of the
Project and issue any required agency authorizations. That decision
deadline is November 12, 2015. The FERC authorization for the Project is
expected to be issued during this 90-day period.
Final investment decisions from both Energy Transfer and BG Group (LSE:
BG.L) (”BG”) are expected in mid-2016, with construction to start
immediately thereafter and first LNG exports anticipated in mid-2020.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership owning and operating one of the largest and most diversified
portfolios of energy assets in the United States. ETP’s subsidiaries
include Panhandle Eastern Pipe Line Company, LP (the successor of
Southern Union Company) and Lone Star NGL LLC, which owns and operates
natural gas liquids storage, fractionation and transportation assets. In
total, ETP currently owns and operates more than 62,000 miles of natural
gas and natural gas liquids pipelines. ETP also owns the general
partner, 100% of the incentive distribution rights, and approximately
67.1 million common units in Sunoco Logistics Partners L.P. (NYSE: SXL),
which operates a geographically diverse portfolio of crude oil and
refined products pipelines, terminalling and crude oil acquisition and
marketing assets. ETP owns 100% of Sunoco, Inc. Additionally, ETP owns
the general partner, 100% of the incentive distribution rights and
approximately 66% of the limited partner interests in Sunoco LP
(formerly Susser Petroleum Partners LP) (NYSE: SUN), a wholesale fuel
distributor and convenience store operator. ETP’s general partner is
owned by ETE. For more information, visit the Energy Transfer Partners,
L.P. web site at www.energytransfer.com.
Energy Transfer Equity, L.P. (NYSE: ETE) is a master
limited partnership which owns the general partner and 100% of the
incentive distribution rights (IDRs) of Energy Transfer Partners, L.P.
(NYSE: ETP) and approximately 23.6 million ETP Common Units and 81.0
million ETP Class H Units, which track 90% of the underlying economics
of the general partner interest and the IDRs of Sunoco Logistics
Partners L.P. (NYSE: SXL), and 100 ETP Class I Units. On a consolidated
basis, ETE’s family of companies owns and operates approximately 71,000
miles of natural gas, natural gas liquids, refined products, and crude
oil pipelines. For more information, visit the Energy Transfer Equity,
L.P. web site at www.energytransfer.com.
Energy Transfer Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management’s
control. Among those is the risk that the anticipated benefits from the
proposed transaction cannot be fully realized. An extensive list of
factors that can affect future results are discussed in the
Partnerships’ Annual Reports on Form 10-K and other documents filed from
time to time with the Securities and Exchange Commission. The
Partnerships undertake no obligation to update or revise any
forward-looking statement to reflect new information or events.
The information contained in this press release is available on Energy
Transfer’s website at www.energytransfer.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150817006251/en/
Source: Energy Transfer Equity, L.P.
Lyndsay Hannah, 214-840-5477
Granado Communications Group