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
Tip:
ReplyDelete"ethane rejection" is leaving it in the gas stream, to be sold as gas, not stripping it out.
Anon 1
Thank you. Yes, I am trying to get this right. Sorry. It's a new concept for me.
DeleteThank you very much for correcting me. I assume that the part about "stripping it out" will add to more ethane to the market (or wherever it goes) is correct.
The ethane and propane are in a blend.
ReplyDeleteRBN. 8.05. 12 toward the end.
I generally can't copy URL on iPad.
I am not sure if they buy e/p mix or propane with ethane impurity.
Yes, ethane will need a market.
Crackers on the way, I think.
Polly want a cracker? Yes, many.
Anon 1
Thank you.
DeleteYes, I can't paste a URL into a comment box either on the iPad (version 1, but I assume it's the same for all iPads).
Long-time readers will know I had never planned nor wanted to get into natural gas/condensates: too confusing, etc., but one thing led to another, but I'm gradually learning. Hopefully bringing some other neophytes along.
This is the RBN Energy article "Anon 1" is referring to:
Deletehttp://www.rbnenergy.com/carbon-rich-value-high-ngl-trading-part-III-%20ethane
I've been really impressed with their articles.