Energy Transfer Partners News

09 Aug 2019

U.S. LPG Exports Grow by 22%: Dorian LPG

Pic courtesy: Dorian LPG Ltd.

U.S. liquefied petroleum gas (LPG) exports have grown year-over-year by 22% to 22.5 million tons year-to-date (YTD) and Middle East exports have grown on the same basis 3.5% to 22.6 million tons, said Dorian LPG.For the first time, U.S. and Middle East volumes were equal, said the owner and operator of modern very large gas carriers (VLGCs)."Our expectation is that the U.S. exports will grow faster than those from the Middle East. U.S. propane inventories continue to push towards the higher-end of their 5-year range…

23 Mar 2018

NOVA Chemicals, Energy Transfer JV for Ethylene Export Terminal

Photo: NOVA Chemicals Corporation

NOVA Chemicals Corporation announced that its subsidiary, NOVA Chemicals Olefins, and a subsidiary of Energy Transfer Partners, Sunoco Partners Marketing & Terminals (SPMT), have entered into a non-binding memorandum of understanding regarding a potential joint venture to develop an ethylene export terminal to be located on the United States' Gulf Coast. The parties will seek market commitment for an anticipated start-up of the terminal by mid-2020. The terminal is expected to have the capability to export 800 kta (1.8 billion pounds) per year of ethylene to the global market.

12 Apr 2017

New US Pipelines to Drive Natural Gas Boom as Exports Surge

© Yauheni Chazlou / Adobe Stock

U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares to become one of the world’s top natural gas exporters. The pipelines are expected to boost output from shale fields in the three states by giving producers access to new domestic and international markets. Those states could supply about a third of all U.S. natural gas once the pipeline expansion is complete, up from about 25 percent now, according to projections from the U.S. Energy Information Administration (EIA).

18 Dec 2015

FERC Approves Lake Charles LNG Project

The U.S. Federal Energy Regulatory Commission (FERC) has granted approval for the Lake Charles LNG export project, which will see the construction and operation of a natural gas liquefaction and export facility in Lake Charles, La. With FERC approval, the Lake Charles LNG project has now received the key remaining regulatory consent, according to BG Group, who is developing the project with Energy Transfer Equity LP and Energy Transfer Partners, L.P. The project has conditional authorization from the U.S. Department of Energy for the export of up to 2 billion cubic feet of natural gas per day or approximately 15 million metric tons of LNG per annum. Energy Transfer owns an existing LNG regasification facility in Lake Charles, which will be converted to a liquefaction facility.

18 Dec 2015

BG, Energy Transfer get Nod for Lake Charles LNG

BG Group and Energy Transfer Partners have gained approval from the U.S. energy regulator for their liquefied natural gas (LNG) production and export plant in Lake Charles, Louisiana, the companies said. The go-ahead is a key milestone for the project, one of an array of planned U.S. LNG export plants set to bring shale gas to gas-hungry consumers across the globe. The partners said they would take a final investment decision on the project, expected to export around 15 million metric tonnes of LNG a year, in 2016 and that first LNG exports from the plant could follow four years after construction starts. "Lake Charles LNG has the potential to create several thousand jobs during construction and if fully operational could result in approximately 250 long-term operational positions…

25 Feb 2015

Oil Tankers Idle for Months off US, Puzzling Some

Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine shipment destined for a nearby Philadelphia refinery. What happened next was anything but routine. Instead of discharging its cargo within days and heading off for the next port, the ship idled offshore for nearly 11 weeks, discharging the oil at an unaccountably slow rate, according to shipping sources as well as vessel tracking data on ThomsonReuters Eikon. That vessel finally set sail two weeks ago - but by then it had already been joined by five more idling tankers, an unusual and costly congregation that has puzzled experts and traders.

23 Feb 2015

Tankers Idle at Big Stone, Puzzling Some

Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine shipment destined for a nearby Philadelphia refinery. What happened next was anything but routine. Instead of discharging its cargo within days and heading off for the next port, the ship idled offshore for nearly 11 weeks, discharging the oil at an unaccountably slow rate, according to shipping sources as well as vessel tracking data on ThomsonReuters Eikon. That vessel finally set sail two weeks ago - but by then it had already been joined by five more idling tankers, an unusual and costly congregation that has puzzled experts and traders.

21 May 2014

Trafigura Seeks Investors for Texas Shale Storage Terminal

Global trader Trafigura AG is seeking potential investors to buy a stake in its oil terminal and storage facility in Corpus Christi, Texas, a once-quiet port that has become a bustling hub for shipping Eagle Ford shale crude. Trafigura, which like other big commodity merchants has in recent years moved to buy key infrastructure assets to support its trading business, bought Texas Dock & Rail in early 2012, just as Eagle Ford production was emerging as the next big U.S. shale play after North Dakota's Bakken. It has since built the facility, once home to a failed steel plant, into a major gateway for shipping rapidly growing U.S. oil production as far as Canada, with two deepwater tanker berths and an expanding suite of logistical assets.

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