Enterprise to Locate Ethane Export Terminal on the Houston Ship Channel

abarrelfullabarrelfull wrote on 13 Jun 2014 09:17
Tags: enterprise n-america ngl terminal usa

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Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will build its recently announced ethane export facility on the Houston Ship Channel. Enterprise has signed a 30-year agreement with the Port of Houston Authority for use of facilities adjacent to the partnership’s existing Morgan’s Point terminal.

Enterprise also plans to construct a pipeline from its Mont Belvieu, Texas natural gas liquids fractionation and storage complex, providing direct access to ethane supply. As designed, the export terminal will have the capability to load fully refrigerated ethane at approximately 10,000 barrels per hour.

The facility is expected to begin operations in the third quarter of 2016. Enterprise has long-term contracts in place to support the terminal and is in discussions with other potential customers for the remaining capacity.

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