Energy Transfer Takes a Preliminary Step Toward Adding a Lot More Fuel to Its Growth Engine

Energy Transfer (NYSE: ET) has stomped on the growth accelerator this year. The midstream giant's distributable cash flow surged 32% in the second quarter. Acquisitions were the main fuel source, as it closed a couple of needle-moving deals in the past year. It also completed several more expansion projects The master limited partnership (MLP) is getting closer to locking down another major growth driver. It recently signed a preliminary deal to build its proposed Lake Charles liquified natural gas (LNG) plant. The company could get a big boost from building that facility.Energy Transfer signed a preliminary contract with a consortium to build its proposed Lake Charles LNG project. The agreement is subject to the MLP making a final investment decision (FID) on the project. It's currently working to secure regulatory approval and additional partners for the project. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool