Enterprise signs long-term contracts for LP gas export capacity

Enterprise Products Partners LP executed additional long-term contracts with customers to export about 125 million aggregate barrels of LP gas over a seven-year period from its terminal along the Houston Ship Channel, the company announced.

Enterprise says its LP gas export facility is now more than 90 percent subscribed, in terms of estimated operating capacity, through 2019. A majority of its capacity is under contract through 2022, the company adds.

Enterprise is nearing completion of a series of expansions at the terminal designed to accommodate the growing demand for export capacity. During the first quarter of 2015, the company increased its loading rate to more than 16,000 barrels per hour (bph), or 9 million barrels per month. By the end of this year, Enterprise expects to complete the final phase, which will increase loading rates at the terminal to more than 27,000 bph. Once the final expansion phase has been completed, Enterprise will have the capacity to load up to 16 million barrels per month of LP gas, which equates to about 29 vessels per month, the company says.