In the third quarter of 2021, Energy Transfer’s global natural gas liquids (NGL) exports percentage has doubled over the course of 18 months.
NGL transfer made up almost 20% of the company’s total exports.
Energy Transfer’s NGL transportation and fractionation, along with its NGL refined products terminals volumes, reached new records in the July-September quarter.
The company had sold more storage at more benefitting rates this year after last year's winter storm Uri that roiled energy markets. At the moment, the company's crude oil storage at its Nederland terminal is fully contracted.
Moving forward, for the remainder of the year, Energy Transfer predicted that its total NGL export volumes from its Nederland terminal to continue to increase.
"As the market continues to recover, we are well-positioned to benefit from increasing demand and higher margins," said the company’s co-CEO Long.
