February 17, 2017 – Bloomberg
Weird Things Are Happening in the Salt Caverns of Mont Belvieu
By: Laura Blewitt
Prices for fuel stored in the salt caverns of Mont Belvieu, Texas, have gone a little berserk.
Three companies, Enterprise Products Partners LP, Targa Resources Corp. and Lone Star NGL LLC, use the caverns to keep natural gas liquids that are traded on the spot market and exported around the world. Butane price fluctuations between the three are usually within a penny or two.
But in December, Enterprise’s butane price...