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Energy Transfer Subsidiary Launches Open Season for Desert Southwest Natural Gas Expansion Project

Energy Transfer (NYSE:ET) is one of the best value stocks to invest in now. On September 26, Transwestern Pipeline Company LLC, which is a subsidiary of Energy Transfer, announced the launch of a binding open season for its new Desert Southwest expansion project. The Desert Southwest expansion is designed to transport natural gas supplies from the Permian Basin to markets in the Desert Southwest, specifically in New Mexico and Arizona, via a system expansion across Texas, New Mexico, and Arizona.

The project involves a combination of new large-diameter pipeline, compression, and metering facilities. It will be capable of transporting a minimum of 1.5 billion cubic feet per day of natural gas from various receipt points in the Permian Basin to existing and new delivery points.

Transwestern has already secured sufficient binding commitments to proceed with the project. Additional binding commitments submitted during this open season will be used to determine the optimal final size and design of the expansion. The project is expected to be completed in Q4 2029, pending necessary regulatory approvals, permits, and other related authorizations.

Energy Transfer (NYSE:ET) provides energy-related services in the US. It has several segments: Intrastate Transportation & Storage, Interstate Transportation & Storage, Midstream, Natural Gas Liquid/NGL & Refined Products Transportation & Services, Crude Oil Transportation & Services, Investment in Sunoco LP, Investment in USA Compression Partners, LP/USAC, and All Other segments.

While we acknowledge the potential of ET to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ET and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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