Houston-based Targa Resources said Nov. 3 it will construct the Daytona NGL pipeline to expand its common carrier Grand Prix NGL pipeline system. Daytona will transport NGLs from Permian Basin to Targa’s Grand Prix NGL pipeline (550,000 b/d) in north Texas for delivery to Targa’s fractionation and storage complex in Mont Belvieu. It is expected to be in service by yearend 2024 at a cost of $650 million. Targa will construct and operate Daytona.
Grand Prix Pipeline LLC (75 percent Targa, 25 percent Blackstone Energy Partners) will own Daytona.