Terminal News

Energy Transfer acquires Lotus Midstream Operations

Written by...

Picture of Meenal Datar

Meenal Datar

Membership specialist

Midstream energy company, Energy Transfer LP and independent energy company, Lotus Midstream have announced that they have entered into an agreement in which Energy Transfer will acquire Lotus Midstream Operations, LLC. This acquisition will cost approximately $1.45 billion (€1.33 billion).

Lotus Midstream owns and operates Centurion Pipeline Company, an integrated, crude midstream platform located in the Permian Basin. The transaction is expected to close in the second quarter of 2023.

Share this article:

Latest terminal news

Terminal News

BWC Terminals Updates Harvey Terminal

BWC Terminals has upgraded the truck rack cover at its Harvey facility in Louisiana, USA. The new structure is a more efficient hurricane-rated building, spanning the full length of the

Read More
Terminal News

Ivens Awarded Evos Malta Project

Ivens has been selected to deliver Evos Malta’s latest project. The Mediterranean terminal has a total capacity of 568,000 m3 and has been in operation since 1992. According to Ivens,

Read More