Ineos-Intrepid

EPTEMBER 1, 2016 — Enterprise Products Partners L.P. (NYSE:EPD) today announced that the first cargo of ethane to be exported from Enterprise's Morgan's Point, Texas terminal has been loaded. The M/V JS INEOS Intrepid, loaded with approximately 265,000 barrels of ethane, set sail from the facility this morning en route to the INEOS facility at Rafnes, Norway. The Morgan's Point ethane export facility, which is the largest of its kind in the world, has a design loading capacity of 10,000 barrels per hour. More to read at http://www.marinelog.com/index.php?option=com_k2&view=item&id=22911:first-ethane-cargo-leaves-enterprise-morgans-point-terminal&Itemid=231

The INEOS INTREPID, the world’s largest multi gas carrier, arrived on Wednesday (Mar 23) at Rafnes in Norway carrying 27,500m3 of ethane from US shale gas. This is the first time that ethane from US shale gas has ever been shipped to Europe and represents the culmination of a $2 billion investment by INEOS. INEOS intends to eventually use eight of these huge ships to provide a virtual pipeline shipping US shale gas to its two petrochemical sites in Norway and Scotland, as US shale gas replaces the reducing gas feed from the North Sea.

Petrochemical giant Ineos has confirmed its first shipment of shale gas has left the USA bound for Europe. The Ineos Intrepid left east coast port Philadelphia last week carrying 27,500m3 of US ethane and is now on its way to Rafnes in Norway. This is the first time that US shale gas has ever been imported into Europe and Ineos plans to start shipments of the gas to its base in Grangemouth later this year. Over the last couple of years work has been taking place to build ethane storage tanks at Rafnes and Grangemouth. Read more: http://www.falkirkherald.co.uk/news/local-news/first-ineos-shale-ship-is-underway-1-4075677#ixzz43RCiT5wu