{"id":416872,"date":"2021-01-19T09:03:57","date_gmt":"2021-01-19T14:03:57","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=416872"},"modified":"2021-01-19T09:03:57","modified_gmt":"2021-01-19T14:03:57","slug":"energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/","title":{"rendered":"Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp."},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp.<\/b><\/p>\n<p class=\"bwalignc\"><i>More than 911,000 barrels of ethane bound for Lianyungang, China on world\u2019s largest VLEC<\/i><\/p>\n<p class=\"bwalignc\"><i>Orbit\u2019s ethane export terminal at Nederland is one of only three in the U.S. <\/i><\/p>\n<p>DALLAS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nDallas-based<b \/>Energy Transfer LP (NYSE: ET) today announced the first Very Large Ethane Carrier (VLEC) has been loaded under its previously announced joint venture with Satellite Petrochemical USA Corp., Orbit Gulf Coast NGL Exports, LLC (Orbit). The Seri Everest, the world\u2019s largest VLEC, departed from Orbit\u2019s newly constructed export facilities at Energy Transfer\u2019s Nederland Terminal in Nederland, Texas, on Jan. 17, 2021, to complete its maiden voyage. The vessel was loaded with more than 911,000 barrels of ethane destined for Satellite\u2019s Lianyungang ethane cracker in northeastern Jiangsu Province, China, the largest single shipment of ethane to date. Its anticipated arrival at Lianyungang Port is mid-February 2021.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210119005280\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210119005280\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210119005280\/en\/852917\/4\/image003.jpg\" alt=\"The Seri Everest, the world\u2019s largest VLEC (Photo: Business Wire)\" \/><\/p>\n<p style=\"font-size:85%\">The Seri Everest, the world\u2019s largest VLEC (Photo: Business Wire)<\/p>\n<\/div>\n<p>\nOrbit\u2019s export terminal at Nederland, one of only three U.S. ethane export terminals, includes a 1.2 million barrel ethane storage tank and an estimated 180,000 barrel per day ethane refrigeration facility. Energy Transfer\u2019s Marcus Hook facility in Pennsylvania is also capable of handling VLECs. The combination of the two terminals represent over 50 percent of the U.S. waterborne export capacity. Under the joint venture with Satellite, Energy Transfer is the operator of Orbit\u2019s assets, which also include a newly constructed 20-inch pipeline originating at Energy Transfer\u2019s fractionation and storage facilities in Mont Belvieu, Texas, for ethane deliveries to the Nederland export terminal as well as domestic markets in the region. In association with Orbit, Energy Transfer also completed its build-out of wholly owned infrastructure at Mont Belvieu to supply ethane to Orbit\u2019s pipeline, and at Nederland to load the ethane onto VLECs. Under separate agreements, Energy Transfer will provide Satellite with approximately 150,000 barrels per day of ethane under a long-term, demand-based agreement, along with storage and marketing services.\n<\/p>\n<p>\nEnergy Transfer (via Sunoco Logistics) was the first company to export ethane out of the U.S. by pipeline. Its Mariner West pipeline first transported ethane to Canada in January of 2013. Energy Transfer was also the first to export ethane out of the U.S. via ship in March of 2016 from its Marcus Hook Terminal in Pennsylvania.\n<\/p>\n<p><b>Energy Transfer LP (NYSE: ET)<\/b> owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.energytransfer.com&amp;esheet=52363490&amp;newsitemid=20210119005280&amp;lan=en-US&amp;anchor=energytransfer.com&amp;index=1&amp;md5=08c995014187acea1ebd8a2d1e4838d1\">energytransfer.com<\/a>.\n<\/p>\n<p><b>Forward Looking Statement:<\/b><\/p>\n<p>\nThis news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management\u2019s control. An extensive list of factors that can affect future results are discussed in the Partnership\u2019s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission, including the Partnership\u2019s Quarterly Report on Form 10-Q to be filed for the current period. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic and the recent decline in commodity prices, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.\n<\/p>\n<p>\nThe information contained in this press release is available on our website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.energytransfer.com&amp;esheet=52363490&amp;newsitemid=20210119005280&amp;lan=en-US&amp;anchor=www.energytransfer.com&amp;index=2&amp;md5=cc89e744fbf16ed121bd605d7f683d1a\">www.energytransfer.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210119005280r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210119005280\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210119005280\/en\/<\/a><\/span><\/p>\n<p><b>Energy Transfer Media Relations<br \/>\n<\/b><br \/>Vicki Granado, Lisa Coleman<br \/>\n<br \/>214.840.5820<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Media@energytransfer.com\">Media@energytransfer.com<br \/>\n<\/a><\/p>\n<p><b>Energy Transfer Investor Relations<br \/>\n<\/b><br \/>Bill Baerg, Brent Ratliff, Lyndsay Hannah<br \/>\n<br \/>214.981.0795<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:investorrelations@energytransfer.com\">investorrelations@energytransfer.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Texas<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Maritime Energy Transport Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210119005280\/en\/686926\/3\/Energy_Transfer_Logo_%5BHorizontal_Stack%5D.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210119005280\/en\/852917\/3\/image003.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">The Seri Everest, the world\u2019s largest VLEC (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210119005280\/en\/852918\/3\/Ndr-Seri-2.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">The Seri Everest at Energy Transfer&#8217;s Nederland Terminal (Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp. More than 911,000 barrels of ethane bound for Lianyungang, China on world\u2019s largest VLEC Orbit\u2019s ethane export terminal at Nederland is one of only three in the U.S. DALLAS&#8211;(BUSINESS WIRE)&#8211; Dallas-basedEnergy Transfer LP (NYSE: ET) today announced the first Very Large Ethane Carrier (VLEC) has been loaded under its previously announced joint venture with Satellite Petrochemical USA Corp., Orbit Gulf Coast NGL Exports, LLC (Orbit). The Seri Everest, the world\u2019s largest VLEC, departed from Orbit\u2019s newly constructed export facilities at Energy Transfer\u2019s Nederland Terminal in Nederland, Texas, on Jan. 17, 2021, to complete its maiden voyage. The vessel was loaded with &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-416872","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp. More than 911,000 barrels of ethane bound for Lianyungang, China on world\u2019s largest VLEC Orbit\u2019s ethane export terminal at Nederland is one of only three in the U.S. DALLAS&#8211;(BUSINESS WIRE)&#8211; Dallas-basedEnergy Transfer LP (NYSE: ET) today announced the first Very Large Ethane Carrier (VLEC) has been loaded under its previously announced joint venture with Satellite Petrochemical USA Corp., Orbit Gulf Coast NGL Exports, LLC (Orbit). The Seri Everest, the world\u2019s largest VLEC, departed from Orbit\u2019s newly constructed export facilities at Energy Transfer\u2019s Nederland Terminal in Nederland, Texas, on Jan. 17, 2021, to complete its maiden voyage. The vessel was loaded with &hellip; Continue reading &quot;Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-19T14:03:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210119005280\/en\/852917\/4\/image003.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp.\",\"datePublished\":\"2021-01-19T14:03:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\\\/\"},\"wordCount\":843,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210119005280\\\/en\\\/852917\\\/4\\\/image003.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\\\/\",\"name\":\"Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp. - 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More than 911,000 barrels of ethane bound for Lianyungang, China on world\u2019s largest VLEC Orbit\u2019s ethane export terminal at Nederland is one of only three in the U.S. DALLAS&#8211;(BUSINESS WIRE)&#8211; Dallas-basedEnergy Transfer LP (NYSE: ET) today announced the first Very Large Ethane Carrier (VLEC) has been loaded under its previously announced joint venture with Satellite Petrochemical USA Corp., Orbit Gulf Coast NGL Exports, LLC (Orbit). The Seri Everest, the world\u2019s largest VLEC, departed from Orbit\u2019s newly constructed export facilities at Energy Transfer\u2019s Nederland Terminal in Nederland, Texas, on Jan. 17, 2021, to complete its maiden voyage. The vessel was loaded with &hellip; Continue reading \"Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-19T14:03:57+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20210119005280\/en\/852917\/4\/image003.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp.","datePublished":"2021-01-19T14:03:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/"},"wordCount":843,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20210119005280\/en\/852917\/4\/image003.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/energy-transfer-loads-first-vlec-under-its-orbit-gulf-coast-ngl-export-joint-venture-with-satellite-petrochemical-usa-corp\/","name":"Energy Transfer Loads First VLEC Under Its Orbit Gulf Coast NGL Export Joint Venture With Satellite Petrochemical USA Corp. - 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