Fractionator VII is fully supported by long-term demand fee-based
contracts
24-inch Lone Star Express Expansion will provide the necessary
capacity for both current and future transportation commitments out of
the Delaware and Permian Basins
DALLAS--(BUSINESS WIRE)--Nov. 7, 2018--
Energy Transfer LP (NYSE: ET) today announced that
its subsidiary, Lone Star NGL LLC (“Lone Star”), will construct a
seventh natural gas liquids (NGL) fractionation facility at Mont
Belvieu, Texas. Fractionator VII is scheduled to be operational in the
first quarter of 2020. The 150,000 barrel per day fractionator is fully
subscribed by multiple long-term contracts and will provide the much
needed capacity required to supplement incremental fractionation demand
in excess of volumes feeding Fractionators I through VI.
Lone Star’s Fractionator V, which was placed in service in July 2018, is
fully contracted with long-term commitments and is operating at full
capacity. Lone Star’s Fractionator VI is currently under construction
and is now expected to be in service during the first quarter of 2019,
ahead of schedule. Fractionator VI is also fully contracted with
long-term commitments and will have a capacity of 150,000 barrels per
day. The company maintains a leading position for NGL fractionation, and
with the completion of Fractionators VI and VII, Lone Star will be
capable of fractionating over 900,000 barrels per day at Mont Belvieu
supported by long-term fee-based agreements.
In addition, Lone Star announced today that it will expand the Lone Star
Express Pipeline by adding a new 352-mile, 24-inch pipeline extending
from Lone Star’s pipeline system near Wink, Texas to Lone Star Express’
30-inch pipeline south of Fort Worth, Texas. This new pipeline will
provide capacity for the significant transportation commitments Lone
Star has secured from the Delaware and Permian Basins. This new pipeline
is expected to be in service by early in the fourth quarter of 2020.
About Energy Transfer
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and
most diversified portfolios of energy assets in the United States, with
a strategic footprint in all of the major domestic production basins. ET
is a publicly traded limited partnership with core operations that
include complementary natural gas midstream, intrastate and interstate
transportation and storage assets; crude oil, natural gas liquids (NGL)
and refined product transportation and terminalling assets; NGL
fractionation; and various acquisition and marketing assets. ET, through
its ownership of Energy Transfer Operating, L.P., formerly known as
Energy Transfer Partners, L.P., also owns Lake Charles LNG Company, as
well as the general partner interests, the incentive distribution rights
and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general
partner interests and 39.7 million common units of USA Compression
Partners, LP (NYSE: USAC). For more information, visit the Energy
Transfer website at www.energytransfer.com.
Forward-Looking Statements
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management’s
control. An extensive list of factors that can affect future results are
discussed in the Partnership’s Annual Report on Form 10-K and other
documents filed from time to time with the Securities and Exchange
Commission. The Partnership undertakes no obligation to update or revise
any forward-looking statement to reflect new information or events.
The information contained in this press release is available on our
website at energytransfer.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181107005959/en/
Source: Energy Transfer LP
Energy Transfer
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Ratliff, Lyndsay Hannah, 214-981-0795
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