May 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Targa Resources Corporation (NYSE:TRGP) (Houston, Texas) transported and processed a record amount of natural gas from the Permian Basin in the first quarter, and is preparing to expand its pipeline system in the shale play, as well as its processing capacity at its Mont Belvieu complex, to accommodate what is expected to be an historic growth in demand for natural gas and liquefied natural gas (LNG) exports. Industrial Info is tracking more than $3.7 billion worth of active and planned projects from Targa, more than half of which is attributed to plant expansions. These include the Daytona NGL pipeline expansion, and the expansion of two processing plants in the Permian Basin. Other companies featured: Phillips 66 (NYSE:PSX and EnLink Midstream (NYSE:ENLC)
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