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home / news releases / ET - Energy Transfer: BANGL Pipeline Dropped From WTG Midstream Acquisition

ET - Energy Transfer: BANGL Pipeline Dropped From WTG Midstream Acquisition

Energy Transfer LP

2024-07-08 08:31:07 ET

Summary

  • Energy Transfer's pending WTG Midstream acquisition excluded the BANGL Pipeline, resulting in a $175mm price drop.
  • BANGL Pipeline was designed to avoid processing and fractionation, with MPLX likely purchasing the 20.0% stake.
  • Exclusion of BANGL may impact Energy Transfer's involvement in a new LNG export corridor and relationship with MPLX.

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For further details see:

Energy Transfer: BANGL Pipeline Dropped From WTG Midstream Acquisition
Stock Information
Company Name: Energy Transfer LP
Stock Symbol: ET
Market: NYSE
Website: energytransfer.com
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