Energy Transfer LP Seeks Emergency Authorization Amidst New BIS Export License Requirement for Ethane Products to China

Reuters
05 Jun
<a href="https://laohu8.com/S/ET">Energy Transfer LP</a> Seeks Emergency Authorization Amidst New BIS Export License Requirement for Ethane Products to China

Energy Transfer LP has announced that the U.S. Department of Commerce's Bureau of Industry and Security $(BIS.AU)$ has notified the company that a license is now required for the export, reexport, or transfer of ethane to parties located in China or identified as Chinese "military end users." This move comes as part of regulatory oversight concerning the potential military use of ethane under China's military-civil fusion strategy. Energy Transfer LP is actively seeking an emergency authorization to continue exporting ethane to its customers, including those in China, and is preparing to apply for the necessary BIS license. The company is currently evaluating the potential impact these regulatory requirements may have on its operations and financial outcomes, particularly if authorization is delayed or denied. As of now, no grant or funding has been obtained by multiple organizations; the regulatory review is specific to Energy Transfer LP.

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