Seeking Alpha

Enterprise Products to expand LPG export facility at Houston Ship Channel

  • Enterprise Products Partners (EPD) announces a further expansion of its liquefied petroleum gas export terminal at Oiltanking's complex on the Houston Ship Channel, supported by a 50-year service agreement with Oiltanking Partners (OILT) to provide additional dock space and related services.
  • Upon expected completion of the expanded facilities by year-end 2015, EPD will have aggregate capacity to load more than 16M bbl/month of low-ethane propane and/or butane.
  • The expansion is in lieu of a second LPG terminal announced in Oct. 2013 and will result in more capacity than previously anticipated.
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Comments (2)
  • rcpatrick5443
    , contributor
    Comments (823) | Send Message
     
    Sounds like a good deal for both companies.
    7 Jan 2014, 10:44 AM Reply Like
  • surfgeezer
    , contributor
    Comments (8218) | Send Message
     
    Long both. Keep thinking they are too overpriced to add more, then they do this and drive value higher. Both sitting in very sweet spots in the Energy chain
    7 Jan 2014, 10:16 PM Reply Like
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