Midstream - Transportation & Pipelines | Contract Awarded
Ineos, Rex Ink Marcellus-to-Europe NGL Transport Agreement
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INEOS Europe AG and Rex Energy Corporation have announced a new natural gas liquids sale and purchase agreement covering ethane, propane and butane. The natural gas liquids will be transported through the Mariner East infrastructure and exported by sea to INEOS' European cracker complexes. Transportation of Ethane supplies commenced in April 2016 while propane and butane supplies will start with the completion of Mariner East 2 pipeline in 2017.
David Thompson, CEO INEOS Trading and Shipping, said: "This contract adds to our supply portfolio providing for long-term sourcing of advantageously priced US natural gas liquids for our European crackers. We are excited about our new business relationship with Rex Energy and look forward to future opportunities between our companies."
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