XM does not provide services to residents of the United States of America.

Energy Transfer pipeline continues to burn in La Porte, Texas



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 1-Energy Transfer pipeline continues to burn in La Porte, Texas</title></head><body>

Rewrites throughout, adds details, background

Sept 17 (Reuters) -Energy Transfer ET.N said a fire at its natural gas liquid (NGL) pipeline in La Porte, Texas, whichstarted on Monday, was continuing to burn itself out on Tuesday morning.

The massive fire on Monday morning knocked out power to thousands of homes and businesses and prompted a widespread evacuation of the area, but there were no serious injuries reported and the pipeline was isolated by midday for residual product to burn off.

The fire occurred at a valve station on a 20-inch (50.8-cm) pipeline used to carry NGLs, according to Energy Transfer. NGLs can be used as inputs for petrochemical plants or burned for space heating and cooking, among other uses.

"Law enforcement agencies have initiated an investigation into the cause of the incident," Energy Transfersaid.

The Texas Railroad Commission, which regulates the state's oil and gas industry, also said it was investigating what caused the fire.

About 1,500 CenterPoint Energy CNP.N customers were without power on Tuesday, after initially affecting about 5,000 customers, according to the company's website.

Impacted land owners were being taken care of and have been provided with lodging at area hotels, Energy Transfer said, adding that this will continue until evacuation orders are lifted.



Reporting by Anushree Mukherjee in Bengaluru
Editing by Marguerita Choy

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.