Phillips 66 to develop LP gas export terminal

Phillips 66 announced plans to develop an LP gas export terminal in Freeport, Texas. The proposed terminal would provide 4.4 million barrels per month of LP gas export capacity, the equivalent of eight very large gas carriers.

It would be located at the site of the company’s existing marine terminal in Freeport and utilize existing Phillips 66 midstream, transportation and storage infrastructure to supply petrochemical, heating and transportation markets globally.

The export terminal would be supplied with LP gas from the Mont Belvieu area and from Phillips 66’s Sweeny complex at Old Ocean, Texas, including its recently announced Sweeny Fractionator One, expected to start up by the second half of 2015.

The export terminal project is in the engineering design phase, which includes the process of filing for all applicable permits. Final project approval is anticipated during the first half of 2014, with startup planned for the middle of 2016.