As a result of increased activity in the region along with higher SPR volumes, the terminal set records for throughput during the second quarter. Under these SPAs, Energy Transfer LNG Export, LLC is expected to supply a total of 5.8 million tonnes of LNG per annum, with first deliveries expected to commence as early as 2026 under SPA terms ranging from 18 to 25 years.Įnergy Transfer’s Nederland terminal and related facilities serve as critical resources with access to the nation’s Strategic Petroleum Reserve ("SPR"). To date in 2022, the Partnership has entered into five long-term LNG Sale and Purchase Agreements ("SPAs"). The transaction is expected to close by the end of the third quarter, subject to regulatory review and other customary closing conditions, and to be immediately accretive to Distributable Cash Flow. The system is supported by dedicated acreage with long-term, predominantly fixed-fee contracts with active, proven producers. The system, which is located in the heart of the SCOOP play, has 450 MMcf per day of cryogenic gas processing and treating capacity and over 200 miles of gathering and transportation lines, which are connected to Energy Transfer’s pipeline network. In August 2022, Energy Transfer entered into an agreement to acquire Woodford Express, LLC, a Mid-Continent gas gathering and processing system, for approximately $485 million. This pipeline connection increases access to oil volumes from Energy Transfer’s Nederland Terminal and is expected to support future export volume growth. Gulf Coast.Įnergy Transfer’s Houston Terminal increased export crude oil volumes in the second quarter as a result of improved supply access via the new Ted Collins Link. The 42-inch pipeline is expected to be completed by year-end 2022 and will provide natural gas transmission between the prolific Haynesville Shale and the U.S. Customer discussions are ongoing, which will likely necessitate facilities beyond the initial design of 1.65 Bcf/d. The Grey Wolf and Bear plants will each have a design capacity of 200 MMcf per day and are expected to be in service by year-end 2022 and in the second quarter of 2023, respectively.ĭuring the second quarter of 2022, Energy Transfer also reported record NGL transportation and fractionation volumes.Įnergy Transfer recently completed a non-binding open season on its Gulf Run Pipeline Project. In support of this increased activity, the Partnership is currently constructing two new cryogenic processing plants: Frac VIII, which was more than half funded when construction was paused in 2020, is now expected to be in service in the third quarter of 2023 and will bring the Partnership’s total fractionation capacity at Mont Belvieu to over 1.1 million barrels per day.ĭuring the second quarter of 2022, Energy Transfer achieved record processing volumes in the Permian Basin. Key accomplishments and recent developments:Īs a result of increasing demand for fractionation capacity, Energy Transfer recently resumed construction of its eighth fractionator at its Mont Belvieu, Texas facility. For the three months ended June 30, 2022, net income per limited partner unit (basic) was $0.40 per unit.Īdjusted EBITDA for the three months ended Jwas $3.23 billion compared to $2.62 billion for the three months ended June 30, 2021.ĭistributable Cash Flow attributable to partners, as adjusted, for the three months ended Jwas $1.88 billion compared to $1.39 billion for the three months ended June 30, 2021.įor the second quarter 2022, Energy Transfer had higher transportation volumes across all of its segments and a full quarter contribution from the Enable Midstream assets that were acquired in December 2021. DALLAS, August 03, 2022-( BUSINESS WIRE)- Energy Transfer LP (NYSE:ET) ("Energy Transfer" or the "Partnership") today reported financial results for the quarter ended June 30, 2022.Įnergy Transfer reported net income attributable to partners for the three months ended Jof $1.33 billion, a $700 million increase from the same period last year.
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