Energy Transfer acquires Lotus Midstream Operations

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.