Copano Energy to Increase Eagle Ford NGL Handling Capability
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Copano Energy, L.L.C. announced execution of agreements increasing Copano's capability to handle natural gas liquids (NGLs) associated with growing natural gas volumes from the Eagle Ford Shale. Copano has entered into a long-term fractionation and product sales agreement with Formosa Hydrocarbons Company, Inc. and, to facilitate deliveries of mixed NGLs to Formosa, Copano has formed a 50/50 joint venture with a subsidiary of Energy Transfer Partners to construct, own and operate a 12-inch NGL pipeline ("Liberty Pipeline"). The Liberty Pipeline will extend approximately 83 miles, from Copano's Houston Central Complex in Colorado County, Texas, first to Formosa's leased NGL product storage facility in Matagorda County, Texas and then to Formosa's petrochemical facility in Calhoun County…
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