Sunoco Logistics looks for NGL buyers

摘要

Houston—Sunoco Logistics’ announcement that it has launched a second binding open season for Mariner East 2 shows producers are still seeking outlets to get their natural gas liquid barrels out of the Utica and Marcellus NGL plays. Sunoco first said it was looking at an expansion on Mariner East at the Platts NGL conference in September, but offered more details Wednesday. “We are bullish on...production growth from the Marcellus and Utica shales,” said Michael Hennigan, president and CEO. “We are proceeding with the open season, as we have received considerable market interest to develop this project to provide producers with several marketing options for their expanding production. We believe the market is long [on] NGLs as... supply will continue to outpace demand.”