UPDATE: New NGL Infrastructure from Energy Transfer

Energy Transfer is expanding its NGL asset base in Texas with several projects.  The company recently took FID on its Frac IX, a 165 Mb/d fractionator at Mont Belvieu, expected in service in Q4 2026.  This adds to the existing capacity of Fracs I–VIII which totals 1.15 MMb/d. The company’s most r

Arbitrage Economics Tighten With High Terminal Fees

Exports are extremely important to the health of the US propane market.  As shown in the chart below, the US exports 70% of its propane production.  Most of these exports come from the USGC with roughly 40 Mb/d leaving via Ferndale, WA, and around 215 Mb/d leaving via Marcus Hook, PA.  The remain

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