Several companies that are planning new condensate splitters say the units are still on track to be built, though uncertainty over U.S. condensate export policy continues to cloud the issue, Platts reports. The CEOs of Kinder Morgan, Martin Midstream Partners, Targa, Marathon Petroleum and Magellan Midstream Partners said in recent days their planned condensate splitters were moving forward, though some final investment decisions had yet to be made. Some firms are shifting their strategies amid the lack of clarity from the government on condensate exports. Magellan CEO Michael Mears said his company would allow customers to renew at lower rates, which he believes would be attractive no matter what the Commerce Department ultimately decides on condensates. Meanwhile, Martin Midstream Partners said its planned 50,000-barrels-per-day splitter in Corpus Christi, Texas, is being built to the Commerce Department’s “exportable standard.”
Targa, on the other hand, said the government’s actions have had no bearing on its plans to bring a 35,000-barrels-per-day splitter online in 2016.
SEE ALSO: Magellan Midstream to build condensate splitter in Corpus Christi
