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Energy Transfer Made a Surprising Decision

TheMotleyFool

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Energy Transfer Made a Surprising Decision: https://g.foolcdn.com/editorial/images/848070/people-in-an-energy-facility.jpg

Energy Transfer (NYSE: ET) has been trying to convert its Lake Charles terminal to a liquefied natural gas (LNG) export facility for the past decade. After numerous delays, the company appeared to be on the precipice of finally making a Final Investment Decision (FID) on that project early next year. However, instead of approving the project, the company announced its surprising decision to suspend the development of Lake Charles LNG.

Here's a look at what drove this decision and what it means for the master limited partnership's (MLP) future.

Image source: Getty Images.

Source Fool.com