Ohio NGL Project Lands First Customer in Possible Breakthrough for Appalachian Hub

Plans for an underground natural gas liquids (NGL) storage facility in Ohio seen as key to the region’s petrochemical build-out have moved another step closer to reality as the backer of a multi-billion dollar ethane cracker has signed a preliminary agreement to further its development.

Energy Storage Ventures LLC (ESV) and an affiliate of Thailand’s PTT Global Chemical pcl (PTTGC) have entered a precedent agreement outlining the terms and conditions of developing the early stages of the Mountaineer NGL Storage project. Under the deal, Mountaineer would provide  one million bbl of ethane storage for PTTGC’s proposed cracker.

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