Energy Transfer Announces Higher Transportation Volumes for Q1 2022
(Reuters) — Energy Transfer LP had higher transportation volumes across all of its segments for the first quarter of 2022 and completed construction on the final phase of its Mariner East project, the company said in its first quarter earnings release on Wednesday.
The completed Mariner East construction brings Energy Transfer's total natural gas liquids capacity on the Mariner East pipeline system to more than 365,000 barrels per day, including ethane, the company said. The company reported adjusted EBITDA of $3.34 billion for the first quarter, lower than for the same period a year ago when a winter storm boosted earnings for the company.
During the quarter, Energy Transfer also completed capacity expansions on its Cushing South crude oil pipeline and on its Permian Bridge Project.
Energy Transfer continues to pursue a natural gas pipeline project from the Permian Basin to address the growing need for additional natural gas takeaway from the region, the company said.
It started construction on a cryogenic processing plant in the Permian, a natural gas pipeline for the Haynesville Shale Basin and the U.S. Gulf Coast.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Boardwalk’s Texas Gas Launches Open Season for 2 Bcf/d Marcellus-to-Louisiana Pipeline Expansion
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- New Alternatives for Noise Reduction in Gas Pipelines
- EIG’s MidOcean Energy Acquires 20% Stake in Peru LNG, Including 254-Mile Pipeline
- Construction Begins on Ghana's $12 Billion Petroleum Hub, But Not Without Doubts
- DOE Considers Cutting Over $1.2 Billion in Carbon Capture Project Funding
- Valero Plans to Shut California Refinery, Takes $1.1 Billion Hit
Comments