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Energy Transfer Maintains Top NGL Export Position

Energy Transfer Maintains Top NGL Export Position

Energy Transfer Maintains Top NGL Export Position

Author: Eric Funderburk | Published: February 17, 2022
Industry Segment: Pipelines  |  Word Count: 767 Words

SUGAR LAND--February 18, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Midstream company Energy Transfer (NYSE:ET) (Dallas, Texas) has made a very successful foray into the natural gas liquids (NGL) export business. The company operates export facilities in Nederland, Texas, and the first very large ethane carrier (VLEC) was loaded from its joint venture Orbit terminal in January last year. In a Wednesday conference call with analysts, Energy Transfer Chief Financial Officer Tom Long said, "In total, our percentage of worldwide NGL exports has doubled over the last two years, capturing nearly 20% of the world market, which was more than any other company or country exported during the fourth quarter of 2021." Other companies featured: ExxonMobil (NYSE:XOM)

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