The closing of the Houston Ship Channel after a fuel spill is idling vessels that carried a record amount of U.S. natural gas liquids exports last year, raising questions about the need for geographic diversity in the burgeoning market.
Enterprise Products Partners LP shut a 10-inch crude gathering pipeline in a rural area near Iola, Texas, after a leak was discovered yesterday, Rick Rainey , a company spokesman, said today. The leak is estimated to be 7,000 barrels, he said.
Enterprise Products Partners LP must prioritize propane shipments on a pipeline to the U.S. Midwest and Northeast, where cold weather has caused heating-fuel prices to climb, federal regulators ordered in the first use of their emergency powers.
The Seaway pipeline’s initial capacity to ship oil to Houston-area refineries from Cushing, Oklahoma, in the second quarter of 2012 will be based on deliveries of light crudes similar to West Texas Intermediate.