PITTSBURGH, Feb. 13, 2014 /PRNewswire/ — CONSOL Energy Inc. (NYSE: CNX) announced today that it has entered into agreement with Ineos Europe AG, part of the Ineos Group, to export ethane via Sunoco Logistics’ Mariner East infrastructure and the Marcus Hook Delaware River port for use in Ineos’ European cracker complexes.
The agreement builds on plans to transport high-value propane and ethane by pipeline from Western Pennsylvania to Marcus Hook, where the materials will be processed and shipped by sea to domestic and export markets. This is the second ethane transaction that CONSOL Energy has recently announced, while the first transaction was with Royal Dutch Shell to supply ethane to its planned cracker facility in Beaver County, Pennsylvania.
“This agreement, and others like it, signify a vote of confidence that the Marcellus Shale resource base represents a long-term, reliable energy supply for industrial users both at home and abroad,” commented Nick DeIuliis, President of CONSOL Energy. “We are pleased to partner with Ineos as we continue to expand upon opportunities to diversify end-user markets for our region’s natural gas products.”
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