Enterprise Expects Record Propane Exports in 2012; Interim Expansion to Increase Capacity by 100,000 Barrels Per Month

abarrelfullabarrelfull wrote on 04 May 2012 05:58
Tags: enterprise lpg n-america trading usa

Latest News

{"module":"feed\/FeedModule","params":{"src":"http:\/\/killajoules.wikidot.com\/feed\/pages\/pagename\/blog%3A_start\/category\/blog\/limit\/10\/t\/My+Blog","limit":"3","module_body":"* %%linked_title%%"}}
  • Want a weekly review of refining news?

Enterprise Products Partners L.P. (NYSE: EPD) today announced that it expects record propane exports in 2012. The partnership’s exports of propane from its terminal on the Houston Ship Channel were a record 3.9 million barrels in April 2012. As previously announced, Enterprise is in the process of expanding its NGL refrigeration export facility, which will increase its capacity to export propane by up to 3.5 million barrels per month. This will bring the total capacity of the NGL refrigeration export facility to 7.5 million barrels of propane per month. This expansion is ahead of schedule and is expected to be completed in the fourth quarter of 2012.

In response to the current increased demand for propane from international markets, Enterprise has started a debottlenecking project on its existing export facility to increase the partnership’s current propane export capacity by up to an additional 100,000 barrels per month. This modification is expected to be completed by June 30, 2012.

“We continue to see very strong demand for propane exports and have sold out our baseload space for 2012 and 2013, with some contracts extending through 2017,” said A.J. “Jim” Teague, executive vice president and chief operating officer of Enterprise’s general partner. “To meet customer demand, we are committed to finding creative solutions allowing us to load every barrel and utilize every minute available at our dock facilities.”

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License