Energy Transfer stock rises 1.3% after funding deal for Louisiana LNG project.

From StockTwits: 2025-04-10 04:04:00

Energy Transfer (ET) stock rose 1.3% after signing a deal with MidOcean Energy to develop a LNG project in Louisiana. MidOcean will finance 30% of construction costs and receive 30% of LNG production, totaling 5 MTPA. The Lake Charles facility will convert an existing terminal to an export facility, with regulatory approval to export up to 16.45 MTPA. Energy Transfer plans to make a final investment decision in Q4 2025, with LNG sale deals already in place. The U.S. is a top LNG exporter, and countries may buy to reduce trade deficits. ET stock sentiment is ‘extremely bullish’ on Stocktwits, despite falling 14.8% YTD.



Read more at StockTwits: Energy Transfer Up After Funding Deal For Louisiana Project