Must-Know: 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 business is a fee-based business with no direct commodity price exposure. It charges fees for loading vessels at the dock.

Targa has an effective operational capacity of ~7.0 MMBbl (million barrels) per month of exports. The company’s estimated exports in 2016 are ~5.5 MMBbls per month.

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Geographical breakup

Nearly half of Targa’s LPG exports are to Latin America and South America, while one-fourth go to the Caribbean countries, and the remaining go to Europe and the Far East.


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