Energy Transfer

Energy Transfer Snapping Up Permian Assets in $3.25B Deal for WTG Midstream

Energy Transfer Snapping Up Permian Assets in $3.25B Deal for WTG Midstream

Energy Transfer LP is expanding its access to Permian Basin natural gas and natural gas liquids (NGL) in a $3.25 billion deal to acquire WTG Midstream Holdings LLC from a subsidiary of independent Diamondback Energy Inc. and investment firm Stonepeak. Private midstreamer WTG primarily operates in the Permian’s prolific Midland sub-basin. Through the deal, Energy…

May 28, 2024
Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets

Energy Transfer Works Texas Natural Gas Price Spreads With Midstream Capacity, Storage Assets

Energy Transfer LP is using its intrastate natural gas pipeline capacity in Texas to allow its customers to take advantage of the wide price spreads caused by sub-zero pricing in the Permian Basin. NGI’s Waha daily cash price has averaged in the negative for much of the past two months, including a four-year low of…

May 13, 2024
Oklahoma AG Alleges ‘Unconscionable’ Natural Gas Price Gouging by Symmetry, Enable During Winter Storm Uri

Oklahoma AG Alleges ‘Unconscionable’ Natural Gas Price Gouging by Symmetry, Enable During Winter Storm Uri

Oklahoma is suing two natural gas marketers over alleged market manipulation and price gouging during Winter Storm Uri in February 2021. The deep freeze wreaked havoc on natural gas and electricity supply in the South Central United States, particularly Texas and Oklahoma, causing prolonged energy outages and extreme price spikes. Rather than taking measures to…

April 12, 2024
Louisiana Court Grants Approval for DTM to Proceed with Natural Gas Crossings in Blow to Energy Transfer

Louisiana Court Grants Approval for DTM to Proceed with Natural Gas Crossings in Blow to Energy Transfer

A Louisiana appeals court on Wednesday ruled that Energy Transfer LP may not block DT Midstream Inc. (DTM) from building natural gas pipeline crossings underneath its system, with one judge stating that Energy Transfer’s property rights do not extend “to the center of the earth.” In a unanimous ruling by the three-judge panel, the Louisiana…

April 11, 2024
NGI’s 4Q2023 LNG Market Analyst Takeaways

NGI’s 4Q2023 LNG Market Analyst Takeaways

The global LNG market continued growing in 2023 and faces a new set of challenges this year as it continues working to meet projected demand growth. Read what NGI analysts learned during 4Q2023 earnings season and how they view trends in the global natural gas market moving forward. Cheniere Energy Inc. (LNG): Statistics from Cheniere…

April 3, 2024
Energy Transfer Pushing Ahead with Warrior Natural Gas Pipeline to Expand Gulf Coast Transport

Energy Transfer Pushing Ahead with Warrior Natural Gas Pipeline to Expand Gulf Coast Transport

Energy Transfer LP has sold about 25% of capacity for its proposed 1.5-2.0 Bcf/d Warrior Pipeline, which it expects the market will need to meet natural gas transportation needs along the Gulf Coast within the next few years, executives said. During a fourth quarter earnings call, Co-CEO Marshall McCrea said the Dallas-based midstream giant had…

February 16, 2024
Energy Transfer Accused of Blocking Rival Natural Gas Pipelines, Restricting Haynesville Development

Energy Transfer Accused of Blocking Rival Natural Gas Pipelines, Restricting Haynesville Development

A Momentum Midstream LLC affiliate has joined two natural gas pipeline operators in accusing Energy Transfer LP of upending industry practices for pipeline crossings in Louisiana, which they said threatens to stall development of the Haynesville Shale and growth of LNG exports. New Generation Gas Gathering (NG3) LLC, a Momentum affiliate, said its $1.6 billion…

January 2, 2024
More Australian Offshore Workers Approve Strike Action, Spiking Global Natural Gas Prices – LNG Recap

More Australian Offshore Workers Approve Strike Action, Spiking Global Natural Gas Prices – LNG Recap

Global LNG prices ratcheted up at the start of the week as the latest news on potential Australian labor action at one of the country’s largest export facilities increased the risk of European and Asian competition ahead of winter. The majority of union workers at Woodside Energy Group Ltd’s Northwest Shelf (NWS) offshore platforms, which…

August 21, 2023
Energy Transfer to Acquire Crestwood in $7B Mega Midstream Tie-Up

Energy Transfer to Acquire Crestwood in $7B Mega Midstream Tie-Up

Two Lower 48 midstream heavyweights are set to join forces in a $7.1 billion, all-equity merger between Energy Transfer LP and Crestwood Equity Partners LP. The transaction, expected to close in the fourth quarter, would see Energy Transfer acquire Crestwood’s multi-basin natural gas, natural gas liquids (NGL) and crude oil infrastructure portfolio, and assume $3.3…

August 16, 2023

Energy Transfer Looks to Select Contractor for Lake Charles LNG Pipeline By End of Month – The Offtake

A roundup of news and commentary from NGI’s LNG Insight Energy Transfer LP is looking to select an engineering, procurement and construction contractor by the end of June for its Trunkline Pipeline system project intended to feed Lake Charles LNG, the company reported in a recent filing to the Federal Energy Regulatory Commission. The project…

June 16, 2023
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