$Midstream - Another ethane importer emerges: Reliance (India) - $Midstream - InvestorVillage
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Msg  69 of 70  at  8/15/2014 2:19:11 PM  by

RossA


Another ethane importer emerges: Reliance (India)

via a $720mm contract for 6 very large ethane carriers (87k cubic meters) for a cracker in India.

Previously analysts estimated need for 25 carriers to ship EPD's 200mmb/d of exports, presumably to Europe. India is about 2.5 times as far (via Suez) but these ships are about twice normal size...so I'd guess this will take up about 15% of EPD's capacity...or 5mmt/a out of 30.So there's more news to come.

Both of the last two importers (Borealis and Reliance) became publically known through the contracts for ships.


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