BIS requires Energy Transfer to obtain license for ethane exports to China or Chinese military end users

Energy Transfer LP

BIS notified Energy Transfer on June 3, 2025 that a license is required for ethane (Schedule B 2901.10.1010) when any transaction party is in China or is a Chinese military end user.
BIS cites unacceptable risk of diversion to China's military end use or military-civil fusion strategy.
Partnership will file for emergency authorization and license; cannot yet assess impact on financial position, results, or cash flows.
If license not obtained timely, export services for Covered Ethane Products may be impacted.
Alternative markets and ethane price effects are uncertain; potential indirect impact on U.S. crude and natural gas production and prices.

item 8.01

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