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Released November 09, 2021 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--After dipping during the height of the COVID-19 pandemic, global demand for natural gas liquids (NGLs) is once again strong. Testament to this is U.S. midstream company Energy Transfer LP (NYSE:ET) (Dallas, Texas), which has ramped up NGL exports over the past 18 months, with substantial gains coming in the just-passed third quarter of 2021.
Among Energy Transfer's export facilities is a terminal in Nederland, Texas, on the Gulf Coast near Port Arthur. Last year, Energy Transfer completed an expansion of the terminal, along with a joint venture ethane export terminal with China's Satellite Petrochemicals, known as the Orbit terminal. The first loading from the Orbit terminal was completed on a very large ethane carrier (VLEC) earlier this year. In addition, Energy Transfer completed an expansion of its liquefied petroleum gas (LPG) terminal in Nederland, and the exports from these facilities has been ramping up throughout this year.
In last week's third-quarter conference call with analysts, Co-Chief Executive Officer Tom Long said, "With the completion of the remaining expansions of our LPG facilities at Nederland earlier this year, we are now capable of exporting more than 700,000 barrels per day (BBL/d) of NGLs from our Nederland terminal." Long said that at the terminal, "NGL volumes continued to increase during the third quarter, including export volumes under our Orbit ethane export joint venture, which has remained strong. Year-to-date through September, we have loaded more than 16 million barrels of ethane out of this facility." Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Plant Database can click here for the plant profile.
Long said that the Nederland facility, along with the company's Marcus Hook terminal in Pennsylvania and its Mariner West Pipeline, which exports NGLs to Canada, make Energy Transfer's total NGL export capacity more than 1.1 million BBL/d, among the largest in the world.
Energy Transfer is planning a potential expansion of its Marcus Hook export terminal. The project would entail constructing a 70,000-BBL/d ethane refrigeration train along with two ethane storage tanks and other facilities. The project potentially could kick off next year, taking a little more than two years to complete. Subscribers can click here for the project report.
According to Long, Energy Transfer's percentage of worldwide NGL exports has doubled over the last 18 months to nearly 20%, "which was more than any other company or country for the third quarter of 2021." Long said the company expected NGL exports from Nederland to continue increasing throughout next year.
Energy Transfer also is underway with construction of an eighth NGL fractionation train at its complex in Mont Belvieu, Texas. The 150,000-BBL/d fractionator will bring the company's total fractionation capacity at Mont Belvieu to 1.05 million BBL/d. Construction on the project kicked off in the summer of 2019 but was delayed as the COVID-19 pandemic reduced NGL demand in 2020. The project is on track for completion in early 2022. Subscribers to Industrial Info's Production Project Database can click here for the project report. Energy Transfer's fractionators also reached a new record in the third quarter, with average fractionated volumes of 884,000 BBL/d, compared with 877,000 BBL/d in third-quarter 2020.
Projects that are wrapping up include Energy Transfer's grassroot Revolution cryogenic natural gas processing plant in Bulger, Pennsylvania. The facility will be able to process 440 million cubic feet per day of natural gas to produce NGLs, including fractionated ethane from the Marcellus and Upper Devonian areas. The project kicked off in 2016, with ISTI Plant Services Incorporated (Tulsa, Oklahoma) providing engineering, procurement and construction services. Subscribers can click here for the detailed project report.
As Energy Transfer wraps up these projects, the company expects its growth capital expenditures (capex) to decline. Energy Transfer expects growth capex this year to come in at about $1.6 billion, declining to approximately $500 million to $700 million per year for 2022 and 2023.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Among Energy Transfer's export facilities is a terminal in Nederland, Texas, on the Gulf Coast near Port Arthur. Last year, Energy Transfer completed an expansion of the terminal, along with a joint venture ethane export terminal with China's Satellite Petrochemicals, known as the Orbit terminal. The first loading from the Orbit terminal was completed on a very large ethane carrier (VLEC) earlier this year. In addition, Energy Transfer completed an expansion of its liquefied petroleum gas (LPG) terminal in Nederland, and the exports from these facilities has been ramping up throughout this year.
In last week's third-quarter conference call with analysts, Co-Chief Executive Officer Tom Long said, "With the completion of the remaining expansions of our LPG facilities at Nederland earlier this year, we are now capable of exporting more than 700,000 barrels per day (BBL/d) of NGLs from our Nederland terminal." Long said that at the terminal, "NGL volumes continued to increase during the third quarter, including export volumes under our Orbit ethane export joint venture, which has remained strong. Year-to-date through September, we have loaded more than 16 million barrels of ethane out of this facility." Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Plant Database can click here for the plant profile.
Long said that the Nederland facility, along with the company's Marcus Hook terminal in Pennsylvania and its Mariner West Pipeline, which exports NGLs to Canada, make Energy Transfer's total NGL export capacity more than 1.1 million BBL/d, among the largest in the world.
Energy Transfer is planning a potential expansion of its Marcus Hook export terminal. The project would entail constructing a 70,000-BBL/d ethane refrigeration train along with two ethane storage tanks and other facilities. The project potentially could kick off next year, taking a little more than two years to complete. Subscribers can click here for the project report.
According to Long, Energy Transfer's percentage of worldwide NGL exports has doubled over the last 18 months to nearly 20%, "which was more than any other company or country for the third quarter of 2021." Long said the company expected NGL exports from Nederland to continue increasing throughout next year.
Energy Transfer also is underway with construction of an eighth NGL fractionation train at its complex in Mont Belvieu, Texas. The 150,000-BBL/d fractionator will bring the company's total fractionation capacity at Mont Belvieu to 1.05 million BBL/d. Construction on the project kicked off in the summer of 2019 but was delayed as the COVID-19 pandemic reduced NGL demand in 2020. The project is on track for completion in early 2022. Subscribers to Industrial Info's Production Project Database can click here for the project report. Energy Transfer's fractionators also reached a new record in the third quarter, with average fractionated volumes of 884,000 BBL/d, compared with 877,000 BBL/d in third-quarter 2020.
Projects that are wrapping up include Energy Transfer's grassroot Revolution cryogenic natural gas processing plant in Bulger, Pennsylvania. The facility will be able to process 440 million cubic feet per day of natural gas to produce NGLs, including fractionated ethane from the Marcellus and Upper Devonian areas. The project kicked off in 2016, with ISTI Plant Services Incorporated (Tulsa, Oklahoma) providing engineering, procurement and construction services. Subscribers can click here for the detailed project report.
As Energy Transfer wraps up these projects, the company expects its growth capital expenditures (capex) to decline. Energy Transfer expects growth capex this year to come in at about $1.6 billion, declining to approximately $500 million to $700 million per year for 2022 and 2023.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
