Another LPG-Export Terminal

In the process of searching for something else, I ran across this, as reported by Argus Media.

Data points:

• new LPG-export terminal; Beaumont, Texas; Japan + European joint venture
• exports predominantly to Asia-Pacific
• hinted at this project in 2011 due to glut of propane but didn't say anything until yesterday
• Japan: 34% stake
• first phase: $500 million; will include a 100,00 b/d de-ethanizer (strip ethane from propane)
• to be completed by 4Q14
• differential between US propane / Asian propane: $452/t
• several other LPG-export facilities mentioned in the linked article

Note: the ethane will be stripped out, adding to even more ethane stateside. (Corrected: see comment from "anon 1.")