Energy Transfer’s Latest Expansion Project Will Help Fuel Its More Than 7%-Yielding Dividend Through the End of the Decade Energy Transfer (NYSE: ET) recently announced an additional expansion of its Nederland NGL Export Terminal.
The project will enable the master limited partnership (MLP) to export more natural gas liquids (NGLs) out of that crucial Gulf Coast terminal by the end of the decade
It’s the latest expansion of this facility and one of many projects the company has under construction. Here’s a look at the new project, which will give the MLP even more fuel to grow its over 7%-yielding distribution. The NGL export juggernaut Energy Transfer plans to increase the ethane export capacity of its Nederland NGL Export Terminal by 240,000 barrels per day (BPD).
It also plans to add another 55,000 BPD of LPG export capacity. The company is expanding this facility due to robust customer demand. It has secured long-term contracts for 100% of the facility’s ethane export capacity into the 2040s.