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 December 30, 2015 - 12:00 PM EST
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Enterprise Products Completes Final Phase of LPG Export Terminal Expansion

Enterprise Products Partners L.P. (NYSE:EPD) today announced that the partnership has increased the loading rate at its liquefied petroleum gas (“LPG”) export terminal on the Houston Ship Channel from 16,500 barrels per hour (“BPH”) to approximately 27,500 BPH of capacity. The incremental capacity was achieved through the completion of a new refrigeration train that increases loading capabilities at the terminal from 9 million barrels (“MMBbls”) per month to 16 MMBbls per month of LPG, which equates to a total of approximately 29 vessels per month.

“This terminal serves as the premier LPG export facility in the U.S. and the timing of these expansion projects could not have been better,” said A.J. “Jim” Teague, chief operating officer of Enterprise’s general partner. “In addition to meeting the growing international demand for price-advantaged, domestic LPG, the terminal also benefits producers by providing market access and facilitating continued development of U.S. energy supplies.”

The LPG terminal expansion is among $7.8 billion in capital growth projects Enterprise expects to complete and bring into service by the end of 2017. These projects, which are supported by long-term contracts, are primarily focused on meeting the needs of demand-side customers, such as petrochemical plants, refineries and international businesses.

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 gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 49,000 miles of 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 expects, believes or anticipates will or may occur in the future, including anticipated benefits and other aspects of such activities, events, developments or transactions, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, 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 the reports filed with the Securities and Exchange Commission by Enterprise. 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) 381-6812 or (866) 230-0745
Investor Relations
or
Rick Rainey, (713) 381-3635
Media Relations


Source: Business Wire (December 30, 2015 - 12:00 PM EST)

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