Propane supplier news roundup: Targa, Keyera, Gavilon

Targa approves expansion of LP gas export project
Targa Resources Partners recently approved the expansion of an LP gas export project to increase export capability to more than 5 million barrels per month, the company announced. Capital expenditures for the project are expected to increase from $250 million to $480 million.

The original export project scope adds the capability to load four very large gas carrier cargoes of international grade propane per month starting in the third quarter of 2013. The expanded project scope will increase that capability by an additional two to four gas carrier cargoes starting in the third quarter of 2014, while retaining and increasing the capability to load HD5 propane and butanes for small and mid-sized vessels, the company says.

Keyera acquires Texas rail, truck terminal
Keyera Energy Inc., an affiliate of Keyera Corp., reached an agreement to purchase a natural gas liquids midstream rail and truck terminal from ExxonMobil Oil Corp.

The facility is located in Hull, Texas, and is connected via pipeline with ExxonMobil’s Beaumont complex and Daisetta storage facility, and other NGL facilities in the Mont Belvieu energy hub.

The terminal is expected to initially handle receipt and delivery of propane, butane, iso-butane and natural gas liquids mix for delivery into North American markets. The acquisition and first-phase modifications to the terminal, expected for completion in the first half of 2013, will total about $10-15 million, the company says.

Gavilon increases wholesale capabilities
Gavilon LLC expanded its natural gas liquids business and is marketing propane along all of the major U.S. propane pipelines, including TEPPCO and Dixie, with additional supply from refineries, terminals and fractionators, the company announced.

Joining Gavilon to provide the company expertise in the top U.S. propane markets are: John Bienkowski, Bill Connallon, Nick Di Risio, Pat Frey, John Lorgan, Jim Neumann and Matt Ward.

Wholesale propane suppliers can send their news to brichesson@northcoastmedia.net.