16 February 2011 23:23 [Source: ICIS news]
HOUSTON (ICIS)--Enterprise Products issued a force majeure (FM) on deliveries and receipts of natural gas liquids (NGLs) for storage in its underground salt domes as a result of the fire at its western storage a week ago, Enterprise customers said.
Customers received written notice during the weekend from Duncan Energy Partners, owner of Enterprise Partners, explaining that the Mont Belvieu facility would only be able to accept and deliver limited amounts of product.
One customer described the notice as broad and unspecific, with most of the market unclear as to the effects.
Enterprise did not respond immediately to a request for comment.
The FM boosted prices for propane, normal butane and isobutane. Propane increased 5–10 cents/gal since 11 February, while normal butane went up 6–7 cents/gal and isobutane surged about 15 cents/gal during that time.
($1 = €0.74)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|