Energy Transfer LP Faces New Export Restrictions on Ethane to China

Summary

Energy Transfer LP (ET) has been notified by the Bureau of Industry and Security (BIS) that a license is required for the export, reexport, or transfer of ethane to China and Chinese military end users, due to concerns over potential military use. ET is currently evaluating the impact of these restrictions and intends to apply for the necessary license, but the outcome remains uncertain. This could potentially impact ET's financial position, operations, and cash flows.