Energy Transfer plans to invest up to $5.5B in capital this year, mostly focused on natural gas network projects—and not LNG exports. (Reuters)
The midstream giant is suspending development of its Lake Charles LNG export terminal to instead focus on natural gas networks in 2026, citing better risk/return profiles in domestic infrastructure vs. the oversupplied global LNG market.
The new capital will target the Permian Basin and specific pipelines serving Texas data centers while increasing capacity of the Transwestern pipeline to feed the booming energy demand in the Desert Southwest.