Burgeoning Liquids Output Tasks Enterprise With Creating Market

摘要

Enterprise Products Partners is expending as much effort on market development as supply development these days because of the ever-growing surpluses of natural gas liquids (NGLs), condensates and other hydrocarbon liquids, even to the point of building its own end-use facilities, company executives say. "Over the last couple of years, it's become clear that the US supply buckets were filling up much faster than the demand buckets and that we need to focus on creating new outlets for producers," Jim Teague, chief operating officer of Enterprise's general partner, told analysts following the release of Enterprise's second quarter financial results.