[ID] => 11242
[post_author] => 34
[post_date] => 2019-07-10 12:40:11
[post_date_gmt] => 2019-07-10 11:40:11
[post_content] => Enterprise Products Partners is to expand export capacity at the Enterprise Hydrocarbon Terminal (EHT) on the Houston Ship Channel by some 1.3m bpd to facilitate the export of LPG, polymer-grade propylene (PGP) and crude oil.
“We are pleased to announce this additional investment in our Houston Ship Channel marine terminals,” says AJ ‘Jim’ Teague, CEO of Enterprise’s general partner. “Our integrated midstream system, including our Houston Ship Channel terminal, is providing Texas products with access to the highest value markets, including international markets. These projects utilise the latest technology to modify and expand existing facilities and represent a very efficient use of capital with attractive returns. A key driver and catalyst to make these additional investments in our Houston Ship Channel complex is clarity and certainty provided by recent legislation signed into law by Governor Abbott that ensures two-way traffic along the Houston Ship Channel.”
Enterprise estimates that US crude oil exports will increase from around 3.0m bpd currently to some 8.0m bpd by 2025 and that LPG exports will double to 2.8m bpd. “Much of this is being driven by increasing [oil and gas] production from the Permian Basin of Texas,” the company notes, pointing to a greater need for export capacity along the Gulf coast.
WORK IN HAND
Current LPG loading capacity at EHT is some 600,000 bpd and Enterprise is already engaged in expanding that by 175,000 bpd, with work expected to be completed late in the third quarter. It has now announced a further 260,000 bpd expansion, which is expected to be in service in the third quarter of 2020, taking total LPG export capacity up to almost 1.1m bpd.
Enterprise is also adding refrigeration facilities for PGP at the terminal, in response to what it says is “recorded demand for PGP by international markets”. The work will expand loading capacity by 67,200 bpd and will also increase flexibility by offering customers the option of co-loading fully refrigerated PGP and LPG onto the same vessel. The work is due for completion late in 2020.
Enterprise is also adding an eighth dock at EHT, which will be able to load some 840,000 bpd crude oil and expanding total crude oil loading capacity to 2.75m bpd. The new dock, which will be capable of handling Suezmax tankers (the largest that can navigate the Houston Ship Channel), is due to come into service late in 2020.
Separately, Enterprise is continuing with work to add to ethylene export capacity in Morgan’s Point on Galveston Bay. The new terminal, a joint venture with Navigator Holdings, will have the capacity to export some 2.2bn lb (1m tonnes) of ethylene per year and is due to begin service in fourth quarter 2019. To serve the terminal, Enterprise is repurposing a storage well at its Mont Belvieu complex just east of Houston, which will be able to hold 600m lb (272,150 tonnes) of ethylene, with work due for completion in the third quarter this year.
Teague notes that US ethylene production is expected to exceed 100bn lb per year (45.4 mta) by 2025 and that Enterprise is well placed to offer enhanced access to domestic and international markets.
[post_title] => Enterprise: Gassing up
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_name] => enterprise-gassing-up
[post_modified] => 2019-07-10 12:40:12
[post_modified_gmt] => 2019-07-10 11:40:12
[post_parent] => 0
[guid] => https://www.hcblive.com/?p=11242
[menu_order] => 0
[post_type] => post
[comment_count] => 0
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Enterprise Products Partners is to expand its Houston facilities to help US producers get their LPG, propylene and crude oil to overseas markets