AI Summary
Houston Enterprise Products Partners L.P. has executed an additional long-term contract to provide ethane storage, transportation, refrigeration and loading services from its new ethane export terminal that is currently under construction on the Houston Ship Channel. With this new agreement, Enterprise now has long-term commitments for 85% of the capacity of the ethane terminal.
Scheduled for completion in the third quarter of 2016, the export terminal, to be located at its Morgan’s Point facility on the Houston Ship Channel, will have the capability to load fully refrigerated ethane at 10,000 bbls per hour. An 18-mile, 24-inch ethane pipeline will be constructed from Mont Belvieu, TX to supply the export terminal.