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...Milford said EIP’s argument dismissed the cost savings of $200mn-$400mn a year that the deal would create as the combined group could ship oil such as crude and refined products and natural gas liquids like propane...
...The company tried alternatives such as propane without much success. “It was like trying to run your petrol engine on diesel,” says Tom Crotty, Ineos director of corporate affairs....
...The company, which moves natural gas liquids and crude, and sells retail propane, last year purchased the tanks and other energy assets of Gavilon, a commodity trading house backed by George Soros and other...
...“This means elevated demand for propane.” Exports of propane have reached an all-time high, more than doubling year on year to 408,000 barrels per day in October, EIA data show....
...The US government last week ordered Enterprise Products Partners LP to favour propane shipments in its pipelines to the Midwest and Northeast....
...(NYT Dealbook) - Propane as a transport fuel in NGL-abundant US? (Reuters) - John Gapper: Perhaps Prince Alwaleed should focus on the philanthropists’ club....
...The price of propane, butane and other liquids is also sharply down this year....
...Suburban Propane will acquire the retail business of Inergy for $1.8bn to form the third-largest US distributor by volume of propane, a gas used as fuel for rural businesses and homes and backyard barbecues...
...Also on Monday, Energy Transfer sold its propane operations to AmeriGas for $2.9bn....
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