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

money stack
All News

INEOS Reaches FID Of CO2 Storage Facility

INEOS, Harbour Energy, and Nordsøfonden have announced the final investment decision (FID) to safely and permanently store carbon dioxide from Danish emitters in a depleted oil field in the Danish

Read More