Energy Transfer LP has announced the execution of a suite of gathering, processing, transportation and fractionation agreements with a large, investment-grade integrated energy company (the Company). These agreements increase and extend long-term commitments between the Company and Energy Transfer in the Eagle Ford and Delaware Basins through 2034 and 2040, respectively.
The Company will benefit from Energy Transfer’s fully integrated gas gathering, processing and transportation systems as well as its extensive natural gas liquids transportation and fractionation assets. Energy Transfer’s system will provide flow assurance and reliability for the production from the approximately 255 000 net acres that the Company has dedicated to Energy Transfer. The execution of these agreements aligns with Energy Transfer’s focus on achieving long-term sustainable cash flow, via fixed-fee contracts, by increasing the utilisation of existing assets and minimising new capital expenditures.
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/20022020/energy-transfer-announces-multi-basin-strategic-alignment/