Enterprise Hydrocarbons Terminal
We own and operate a marine terminal complex, the Enterprise Hydrocarbons Terminal (or "EHT"), located on the Houston Ship Channel that provides terminaling services to major integrated oil companies, exporters, marketers, distributors and chemical companies. EHT’s facilities include those that can load cargoes of fully refrigerated, low-ethane propane and/or butane (collectively referred to as "LPGs") onto multiple tanker vessels simultaneously. The facility can load approximately 16.0 MMBbls per month. Our LPG export services continue to benefit from increased NGL supplies produced from domestic shale plays such as the Permian Basin and international demand for propane as a feedstock in petrochemical plant operations and for power generation and heating purposes.
365体育外围APPThe primary customer of EHT is our NGL marketing group, which uses EHT to assist export customers in meeting their volume requirements. NGL marketing transacts with these customers using long-term sales contracts with take-or-pay provisions and/or exchange agreements. In recent years, the U.S. has become the largest exporter of LPG in the world, with shipments originating from EHT playing a key role. Of the LPG cargoes we loaded for export at EHT during the year ended December 31, 2018, the destination markets were as follows: 55% to Asia; 18% to North America and the Caribbean; 13% to Central and South America; 12% to Europe and Africa; and 2% to other destinations.
We also own and operate an NGL import facility at EHT. This facility can offload NGLs from tanker vessels at rates up to 14,000 barrels per hour depending on the product. Our NGL import volumes for the last three years were minimal.
EHT also provides terminaling services involving crude oil, petrochemicals and refined products. EHT’s assets and activities involving crude oil terminaling and storage are classified and presented as a component of our Crude Oil Pipelines & Services business segment. EHT’s activities involving petrochemical and refined products customers are classified and described within our Petrochemical & Refined Products Services business segment.
Morgan's Point Ethane Export Terminal
The Morgan’s Point Ethane Export Terminal located on the Houston Ship Channel has an aggregate loading rate of approximately 10,000 barrels an hour. The facility supports growing international demand for abundant U.S. ethane from shale plays, which offers the global petrochemical industry a low-cost feedstock option and supply diversification. By providing producers with access to the export market, the Morgan’s Point Ethane Export Terminal supports continued development of U.S. energy reserves.
365体育外围APPFor more information on the assets, please refer to the most recent Form 10-K or Quarterly Reports on Form 10-Q and other SEC filings.