Targa Resources started deliveries in August on its largest project, the Grand Prix NGL pipeline, bringing NGLs from the Permian to its fractionation complex in Mont Belvieu. The company owns just over 55% of the pipeline. The startup was the highlight of Targa’s Q2 earnings, which included its fourth straight net loss and lowest revenue in two years. Grand Prix is consistently flowing 150,000-170,000 bbl/d to Mont Belvieu. Targa expects volumes to increase to......
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