Energy Transfer LP is considering international expansion, the Dallas-based midstream company said in a July 13 release.
Kelcy Warren, the company’s co-founder and executive chairman, met with Panama President Laurentino Cortizo Cohen on July 12, the release said, to sign a memorandum of understanding to study the feasibility of joint participation in a proposed Trans-Panama Gateway Pipeline project.
Formed in 1996, Energy Transfer is one of the largest and most diversified midstream companies in the United States with more than 90,000 miles of pipelines and associated infrastructure in 38 states and Canada. The company opened its first international office in Beijing, China, in April 2019, as a strategic move to meet growing demand for ethane and LNG products, according to its website.
The proposed Trans-Panama Gateway Pipeline Project would move liquified petroleum gas (LPG) across Panama for re-export, expanding Energy Transfer’s international operations into new markets while providing Panama the opportunity to establish itself as a distribution center of petroleum products to markets globally.
The proposed project would include the development, construction and operation of a terminal on the Pacific side of Panama and another on the Atlantic side connected by a pipeline for the receipt, transportation and export of LPG to international markets. Any decisions made by the parties will be based on the outcomes of joint feasibility studies and an economic analysis related to the transportation of LPG in Panama, the release said.
Beginning Nov. 1, Southwestern will produce and Tennessee Gas Pipeline, a subsidiary of Kinder Morgan, will transport the responsibly sourced natural gas to Northeast markets.
Maria S. Jelescu Dreyfus co-founded Ardinall, a New York-based independent investment firm focusing on climate change and sustainable investments with an “ESG-based investment approach,” according to a Pioneer release.
James D. Bennett brings over 30 years of experience from the E&P and investment space, which Tellurian Executive Chairman Charif Souki described as invaluable to the company’s goal of enhancing its Haynesville upstream position