Energy Transfer Goes International Under CEO And Co-Founder

(September 4, 2019) — Dallas-based diversified energy company, Energy Transfer LP, co-founded by Chairman and CEO Kelcy L. Warren, is expanding internationally, according to a recent report in Chief Executive magazine. The company will open its first international office in in Beijing, China, to support the sale of energy products, including propane, liquefied natural gas, ethane, butane, natural gas and crude oil. The effort is made possible in part by a joint partnership between Energy Transfer and China-based Satellite Petrochemical to facilitate the export of ethane to China, announced last year.

Kelcy Warren CEO Energy Transfer Takes Company International In China reports BPN the propane industry leading source for news and info since 1939Orbit Gulf Coast NGL Exports LLC is constructing a pipeline in the U.S. to transport ethane from Energy Transfer’s Mont Belvieu, Texas fractionation and storage facilities to a new ethane terminal next to Energy Transfer’s Nederland, Texas NGL facility. Once the pipeline is completed, each day approximately 150,000 barrels of ethane will be exported to Satellite’s ethane cracking facilities in China.

Chief Executive also reports that Energy Transfer has a 50/50 venture with Shell US LNG LLC to convert Energy Transfer’s LNG import and regasification terminal in Lake Charles, Louisiana to an LNG export facility. The project will give the facility a liquefaction capacity of 16.45 million tonnes per annum for export to customers in China and other global markets.

Energy Transfer LP is a publicly traded limited partnership with operations that include natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids and refined product transportation and terminal assets; NGL fractionation; and various acquisition and marketing assets.

According to Chief Executive, the company, through its ownership of Energy Transfer Operating L.P., formerly known as Energy Transfer Partners L.P., also owns the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP and the general partner interests and 39.7 million common units of USA Compression Partners LP.

Prior to the combination of the operations of ETO and Heritage Propane in 2004, Warren co-founded the entities that acquired and operated the midstream assets that were contributed in the merger. From 1996 to 2000, he served as a director of Crosstex Energy Inc. and from 1993 to 1996, Warren served as president, chief operating officer and a director of Cornerstone Natural Gas Inc.

Warren was appointed to a six-year term on The University of Texas System Board of Regents by Governor Greg Abbott in March 2019. Recently, President Donald Trump appointed Warren to the Kennedy Center Board of Trustees.