Enterprise Products Increases Loading Capacity at Houston Ship Channel LPG Export Terminal
April 6, 2015 | By Business Wire News
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) 381-6812
Rick Rainey, (713) 381-3635