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Analyzing Targa Resources’ LPG Exports



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.

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Geographical breakup

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.


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