Propane demand continues at record high
February 20, 2024 By Mark Rachal
Mark Rachal says it may take a while to relieve some of the recent pressure on prices but thinks inventory tightness is more temporary than systemic.
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Mark Rachal says it may take a while to relieve some of the recent pressure on prices but thinks inventory tightness is more temporary than systemic.
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Pembina Pipeline Corp. entered an agreement in December to acquire all of Enbridge’s interests in the Alliance, Aux Sable and NRGreen joint ventures.
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Alliance Energy Services says it has completed the acquisition of the Biddeford, Maine, rail and truck propane terminal from CHS Inc.
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U.S. propane exports have been driving increases in U.S. petroleum product exports for the past four years, the U.S. Energy Information Administration reports.
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The companies agreed on a deal in August in which Energy Transfer would acquire Crestwood in an all-equity transaction valued at about $7.1 billion.
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Enterprise Products Partners started service at its 12th natural gas liquids (NGL) fractionator and its second propane dehydrogenation plant (PDH 2) in Texas.
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Enterprise Products Partners started service at its Poseidon cryogenic natural gas processing plant in Glasscock County, Texas.
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Midstream operators are readying assets for the additional growth in fractionation capacity to separate the liquids into their respective purity products.
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ONEOK agreed to resolve its claim for total insurance payments of $930 million following a July 2022 incident at its NGL facility in Medford, Oklahoma.
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Phillips 66 plans to acquire all of the publicly held common units representing limited partner interests in DCP Midstream for cash consideration of $41.75 per common unit.
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