On Monday, Energy Transfer Equity LP (NYSE:ETE)’s shares inclined 6.04% to $11.76.
BG Group (BG.L) and Energy Transfer Equity, L.P. (ETE) and Energy Transfer Partners, L.P. (ETP) declared that the Lake Charles LNG Project has received approval from the US Federal Energy Regulatory Commission (FERC) to site, construct and operate a natural gas liquefaction and export facility in Lake Charles, Louisiana. FERC approval was a key remaining regulatory consent for the Lake Charles LNG Project.
With a conditional authorization from the US Department of Energy to export up to 2 billion cubic feet of natural gas per day (or about 15 million metric tons of LNG per annum), the Lake Charles LNG Project is predictable to be one of the largest LNG export initiatives in the United States. The technology chosen for the project, which comprises aero derivative turbines with selective catalytic reduction, is designed to make it one of the most efficient and cleanest operating LNG facilities in the world, with air emissions predictable to be well below US and state limits.
“Our focus is on being a good neighbor in Lake Charles, where we’ll be working in a collaborative manner with local communities to minimize the impacts from construction,” said Jason Klein, General Manager for BG Group’s America Asset. “At the same time, we’re excited about our role in the economic expansion of Southwest Louisiana. Lake Charles LNG has the potential to create several thousand jobs during construction and if fully operational could result in about 250 long-term operational positions – sustainable jobs for current and future generations.”
Energy Transfer Equity, L.P., through its auxiliaries, provides diversified energy-related services in the Unites States. It owns and operates about 7,700 miles of natural gas transportation pipelines and 3 natural gas storage facilities located in the state of Texas; and about 12,800 miles of interstate natural gas pipeline.
BP plc (ADR) (NYSE:BP)’s shares dropped -0.03% to $30.14. The last trading range of BP plc (ADR) (NYSE:BP) ranges between $29.92 and $30.67. The EPS of the company stands at $-2.49. The 52-week range shows that the stock reached higher at $43.85 while its lower range is $29.35 in the last 52-weeks. The average volume of the company is at 7.24 million with the Outstanding Shares of 18.31 billion. The market capitalization of the company is $92.86 billion. The Beta of the company stands at 1.53 with the RSI (Relative Strength Index) of 29.16.
BP p.l.c. operates as an integrated oil and gas company worldwide. It operates in three segments: Upstream, Downstream, and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, counting liquefied natural gas (LNG), and power and natural gas liquids (NGL).
Royal Dutch Shell plc (ADR) (NYSE:RDS.B)‘s shares dipped -0.39% to $43.69. Royal Dutch Shell plc (ADR) (NYSE:RDS.B) is now worth about $141.12 billion. The share price has made a -2.37% loss in the past 5 days and has lost -37.19% since 2015 kicked off. The stock trades with a beta of 1.23. The stock price is below by -20.31% as contrast to the average price over the last 200 days.
Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids.
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