Targa’s LPG exports
Targa Resources (TRGP) has LPG (liquefied petroleum gas) export facilities on the Gulf Coast at its Galena Park Marine Terminal. Targa’s LPG export is a fee-based business with no direct commodity price exposure. It charges a fee for loading vessels at the dock.
Targa has an effective operational capacity of 6.5–7.0 MMBbl (million barrels) per month of exports. The company expects to export more than 5 MMBbl per month in 2016.
Nearly half of Targa’s LPG exports goes to Latin America, one-fourth goes to the Caribbean countries, and the rest goes to Europe and the Far East.