Enterprise Products on Tuesday announced a further expansion
of its liquefied petroleum gas (LPG) export terminal at
Oiltankings complex on the Houston Ship Channel.
The company says the LPG terminal expansion
is supported by a
50-year service agreement with Oiltanking Partners to provide
additional dock space and related services. The expanded LPG
export terminal is expected to be in service by the end of
2015 and is supported by long-term LPG export
Upon completion of the expanded facilities
, Enterprise will have
aggregate capacity to load in excess of 16 million bbl/month
of low-ethane propane and/or butane.
We are pleased to announce the expansion
of our LPG export marine
terminal and the associated 50-year agreement with
Oiltanking, said Michael A. Creel, CEO of
Enterprises general partner. The decision to
expand at Oiltanking was directly attributable to our joint
experience of loading LPG vessels on the Houston Ship Channel
and our 33-year relationship with Oiltanking.
"Demand for both current and future LPG exports continues to
be strong," he added. "The location of the expanded terminal
at Oiltanking enables us to increase maximum loading capacity
to approximately 27,000 barrels per hour, the highest in the
industry, while nominally reducing the overall capital costs
associated with the project
is in lieu of a second
LPG terminal announced in October 2013 and will result in
more capacity than previously anticipated.
On the ethane front, we continue to negotiate with
several customers that would support the development of an
ethane export terminal," said Creel.
"Our site evaluation for this facility continues. Depending
on the outcome of these discussions, estimated ethane export
demand and ship draft requirements, we expect the ethane
export facility will be sited either adjacent to our refined
products export terminal in Beaumont or on the Houston Ship