Ethane

Badlands NGL LLC has agreed with the largest Bakken Shale producer, Continental Resources Inc., for long-term ethane supplies for a $4.2 billion polyethylene (PE) manufacturing project.

Indorama Ventures plans to renovate and restart a dormant ethane cracker west of Lake Charles, LA, where the company expects to make a $175 million capital investment. Separately, Total will begin front-end engineering and design for a second steam cracker at its Port Arthur complex in Texas.

Sunoco Logistic Partners LP is holding a binding open season for a third Mariner East pipeline to deliver Appalachian natural gas liquids (NGL) to its Marcus Hook Industrial Complex on the Delaware River south of Philadelphia.

The segment of the Aegis ethane pipeline from Beaumont, TX, to Lake Charles, LA, has been completed and is ready for service, owner Enterprise Products Partners LP said Wednesday.

If state regulators give the green light this summer, construction could begin in September for a 47-mile, $85 million ethane pipeline lateral to boost volumes being sent to Alberta for its petrochemical complex.

San Diego-based Sempra Energy’s multi-billion-dollar portfolio in Mexico got even bigger Friday with its unit south of the border buying joint venture (JV) interests of Petroleos Mexicanos (Pemex) in three natural gas pipelines, an ethane pipeline, and liquid petroleum gas (LPG) pipeline and storage facilities for $1.325 billion, plus assumption of $170 million of net debt.

Analysts with U.S. Capital Advisors LLC (USCA) said natural gas liquids (NGL) prices are still "trying to find a floor," thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.

Analysts with U.S. Capital Advisors LLC (USCA) said natural gas liquids (NGL) prices are still “trying to find a floor,” thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.

Analysts with U.S. Capital Advisors LLC said natural gas liquids prices are still "trying to find a floor," thanks largely to a more than 60% collapse in propane and butane prices, as propane inventories increase and several midstream companies begin to emerge as takeover targets and acquirers.