Fatima Gulzar
2 min read
In This Article:
According to Enterprise Products Partners L.P. (NYSE:EPD), the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce has sent out a notice of intent to refuse export licenses for three 2.2 million barrel ethane shipments to China.
Aerial view of a refinery tower surrounded by the sprawling landscape of pipelines in an oil & gas midstream facility.
The business has twenty days to reply. The denials will be formalized if no updates are received by the forty-fifth day. This comes after the BIS directive from May 23 that new licenses be obtained for the shipping of ethane to China.
The average amount of ethane produced in the United States in 2024 was 2.8 million barrels per day (BPD), of which 492,000 were exported, with 227,000 (46%) going to China. Of the 213,000 BPD loaded at Enterprise Products Partners L.P. (NYSE:EPD)’s Houston Ship Channel port, 85,000 BPD were shipped to China.
In 2024, 37% of the United States' total ethane exports to China came from its Morgan's Point facility. U.S. ethane exports to China reached 290,000 BPD in 2025.
Throughout its midstream energy network, Enterprise Products Partners L.P. (NYSE:EPD) manages more than 50,000 miles of pipelines and 300 million barrels of storage.
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Disclosure. None.
