Range Resources (RRC) has committed to 20 Mb/d of takeaway and export capacity using a new East Coast LPG terminal, the producer confirmed in its 4Q24 earnings. East Daley Analytics suspects Energy Transfer (ET) is behind the mystery project at a location near the company’s Marcus Hook terminal.
ET is expanding Marcus Hook to include a 900 Mbbl refrigerated ethane storage tank and 20 Mb/d of incremental ethane chilling capacity. ET noted the project will allow for quicker loading of Very Large Ethane Carriers (VLECs), which benefits customers like RRC.
East Daley covers the regional ethane market in the new Northeast Ethane Supply & Demand Visual and Data Set. The ET project is one we have speculated about here and here.
What’s interesting about RRC’s contract is the mention of sending NGLs to a new East Coast terminal. EDA has contacted RRC to confirm the project is located at the Repauno terminal in Greenwhich, NJ, near Marcus Hook but on the other side of the Delaware River (near Philadelphia). RRC could be using Marcus Hook for ethane exports and Repauno for LPGs, but we have not yet confirmed this is the case.
Liquids-focused producers in Appalachia have grown NGL production by 7.7% from 3Q24 to 4Q24 so far (see graph). In the NGL Hub Model, EDA expects Northeast NGL production to grow by 45 Mb/d in 2025. ET is nearing the limits of existing Marcus Hook export capacity, and additional supply growth may necessitate the newbuild.
East Daley expects most NGL production growth will come from the Permian Basin. Our outlook for Y-o-Y growth by region is shown in the map from Energy Data Studio. We model Permian growth in Y-grade NGLs to average 286 Mb/d from 2024 to ’25, for example. Permian gas is needed to meet an increase in LNG and data center demand, and NGLs will be produced along with that additional gas. However, there are other pockets of potential supply growth needed to meet growing international petrochemical demand. The Northeast is one region with upside as infrastructure capital unlocks that capability.
To learn more about the Northeast NGL market, see East Daley’s new Northeast Ethane Supply & Demand data set. – Rob Wilson, CFA Tickers: ET, RRC.
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Introducing Northeast Ethane Supply & Demand by East Daley Analytics. Gain a full-spectrum view of NGL extraction and transportation across Pennsylvania, Ohio, West Virginia and New York. Users can filter data by producer, G&P system, plant or pipeline for an integrated market view. Whether you’re a producer or pipeline operator, our tool offers a macro perspective on regional trends and micro-level visibility into individual production and processing facilities for ethane. Request a demo to learn more.
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