Enterprise Products Partners signs contract ethane export

Enterprise Products Partners signs contract for ethane export

6:37 AM, 16th November 2015
Enterprise Products Partners signs contract for ethane export

HOUSTON, US: Enterprise Products Partners LP said it has executed long-term contract to export ethane from its new terminal under construction at Morgan’s Point, Texas.

Enterprise will export 200,000 barrel-per-day ethane.

“This agreement is a clear indication of the continued interest for US ethane as a low cost feedstock by the global petrochemical industry,” said AJ Jim Teague, chief operating officer of Enterprise’s general partner. “We are in negotiations with other customers and expect the remaining capacity to be sold out when the facility begins service.

The export terminal, which is on schedule to commence operations in the third quarter of 2016, will have the capability to load fully refrigerated ethane at rates up to 10,000 barrels per hour and transported through a 24-inch diametre pipeline currently under construction.

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