Phase 2 of Enterprise’s Neches River ethane terminal appears to have entered service after an LPG vessel was observed departing the terminal with cargo bound for Mexico. The VLGC Albert (pictured below) entered the terminal for loading on April 12 and departed three days later, on April 15. Enterprise previously stated that “Phase 2 includes a second refrigeration train that will allow Enterprise to load up to 180 Mb/d of ethane, 360 Mb/d of propane, or a combination of the two.” The flexible refrigeration train was expected to begin service in the first half of 2026.
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Iran Conflict Sends International Propane Market Soaring
Supply disruptions in the Persian Gulf have sent global propane prices soaring, sharply widening the spread between international and U.S. prices. That has created a major opening for U.S. exporters, but with spot terminal fees at record highs as key export hubs already running near capacity, upside is constrained by loading capacity.
Leave the Door Open – Propane Exports to Increase in 2026 as War With Iran Shifts Market Dynamics
There are three main factors affecting today’s propane market: export economics, dock space and storage levels. The Iran war has dramatically shifted export economics and filled dock space, yet storage remains at all-time highs. In today’s RBN blog, we look at what’s in store for the rest of 2026.
Every Day I’m Shuffling – Changes at Houston, Corpus Christi Show How U.S. Crude Exports are Evolving
Houston and Corpus Christi dominate crude oil exports, but the balance between the two hot spots has been shifting in interesting ways recently. In Houston, Enterprise could extend its lead and in Corpus Christi, South Texas Gateway is fighting for the top spot after adding a new pipeline connection last fall.