Targa to build common carrier NGL pipeline from Permian Basin
Texas—Targa Resources Corp. plans to construct a new common carrier natural gas liquids (NGL) pipeline from the Permian Basin. Targa's NGL pipeline (Grand Prix) will transport volumes from the Permian Basin, and also from Targa's North Texas system, to Targa's fractionation and storage complex in the NGL market hub at Mont Belvieu, Texas.
Grand Prix will be supported by Targa's volumes and other third-party customer commitments, and is expected to be in service in 2Q 2019. The capacity of the pipeline from the Permian Basin will be approximately 300 Mbpd, expandable to 550 Mbpd.
Targa is one of the largest gatherers and processors of natural gas in the prolific Permian Basin, with approximately 1.7 Bcfd of current natural gas processing capacity and approximately 0.7 Bcfd of processing capacity being added across both the Midland Basin and the Delaware Basin. Targa's present and future natural gas processing plants and third-party connections are expected to generate significant NGL volumes for Grand Prix. Grand Prix is expected to be an attractive and reliable fee-based takeaway solution for NGLs to Mont Belvieu, and will connect to Targa's fractionation, storage and export assets further downstream.
Total growth capital for Grand Prix is expected to be approximately $1.3 B, with approximately $250 MM of spending in 2017. Total 2017 net growth capital spending from Targa's list of announced projects is now approximately $1.2 B.
- Gasum powers Equinor's platform supply vessel with bio-LNG
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Golar LNG signs EPC deal for $2.2-B MK II FLNG conversion project
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- Brazil's fossil push undermines Lula's green ambitions
Comments