Enterprise Products Increases Loading Capacity at Houston Ship Channel LPG Export Terminal
April 06 2015 - 3:15PM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced the
recent completion of an expansion project at its liquefied
petroleum gas (“LPG”) export terminal at the Houston Ship Channel,
which will increase the facility’s capacity for loading fully
refrigerated, low-ethane propane to 9 million barrels (“MMBbls”)
per month. Enhancements to existing refrigeration infrastructure,
designed to add 2,500 barrels per hour (“BPH”) or 1.5 MMBbls per
month of incremental loading capacity, will allow Enterprise to
accommodate an additional three ships per month.
Work is also progressing on construction of a new refrigeration
train that will increase loading rates by another 11,000 BPH and is
on schedule for completion in the fourth quarter of 2015. Once the
final expansion phase has been completed, Enterprise will have the
capability to load up to 16 MMBbls per month of LPG, which equates
to 29 vessels.
“With these expansion projects, Enterprise is demonstrating its
commitment to supporting the producers who have done a miraculous
job of developing our domestic reserves, particularly in the shale
basins across the country,” said A.J. “Jim” Teague, chief operating
officer of Enterprise’s general partner. “By increasing capacity at
our LPG export terminal, we are providing customers with access to
international markets, which helps facilitate continued domestic
production that would otherwise be significantly curtailed.”
Enterprise’s LPG terminal has been instrumental in transforming
the U.S. into the largest propane exporter in the world and
currently has approximately 1,800 cargoes scheduled from 2015 to
2024. To help ensure adequate supply to the docks, the partnership
is in the final stages of completing a dedicated 30-inch diameter
LPG pipeline from Mont Belvieu, Texas to the terminal.
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Our
services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and import and export terminals; crude oil and refined
products transportation, storage and terminals; offshore production
platforms; petrochemical transportation and services; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems and in the Gulf of
Mexico. The partnership’s assets include approximately 51,000 miles
of onshore and offshore pipelines; 225 million barrels of storage
capacity for NGLs, crude oil, refined products and petrochemicals;
and 14 billion cubic feet of natural gas storage capacity.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
Enterprise Products Partners L.P.Randy Burkhalter, (713)
381-6812Investor RelationsorRick Rainey, (713) 381-3635Media
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