LNG

Oct 26 (LNGJ) - US company Energy Transfer Partners, part of the joint venture with Royal Dutch Shell to transform the existing Lake Charles LNG import terminal in Louisiana into an export plant, is continuing to build its Gulf Coast natural gas assets. While the Lake Charles LNG export project is currently on hold, Energy Transfer has acquired a controlling stake in PennTex Midstream Partners for $640 million. PennTex owns assets in northern Louisiana that consist of a rich natural gas gathering system, two cryogenic natural gas processing plants totalling 400 million cubic feet per day of capacity, along with residue gas and natural gas liquids pipelines.