Energy Transfer (ET) Announces Expansion of the Nederland NGL Export Terminal

Energy Transfer LP (NYSE:ET) is one of the best low volatility stocks to buy under $50. Energy Transfer LP (NYSE:ET) announced on June 18 an expansion of the Nederland NGL Export Terminal to meet additional customer demand. The company stated that the project will expand ethane export capacity at Nederland by 240,000 barrels per day, along with 55,000 bpd of additional LPG capacity. It added that one hundred percent of the ethane export capacity has been committed in long-term agreements running into the 2040's.

Energy Transfer LP (NYSE:ET) has exported more than 430 million barrels since it began exporting ethane out of Nederland in 2021, with the project exhibiting that the continued growth in global NGL demand supports the expansion of the company's Nederland assets. The company also stated that as part of these transactions, it will expand its Mont Belvieu to Nederland NGL export pipeline capacity to service the increased refrigeration capacity and construct two additional NGL ship docks. The previously announced expansion of the Nederland refrigerated propane and butane storage tanks to 1.2 million barrels and 0.8 million barrels, respectively, is anticipated to be available

Fuente original: Yahoo Finance (https://finance.yahoo.com/energy/articles/energy-transfer-et-announces-expansion-191000694.html)