Samsung nearly quadruples size of largest ethane carriers
Thursday, November 17, 2016
Last month India’s Reliance Industries celebrated the delivery of the Ethane Crystal and Ethane Emerald. With 87,000 cubic meter capacities, the vessels nearly quadruple the previous mark of the world’s largest ethane carriers.
The Crystal and Emerald were built by Samsung, who named them Very Large Ethane Carriers, according to The Maritime Executive.
The vessels will carry liquified ethane from Enterprise Product Patners’ terminal on the Houston Ship Channel to Daheji, India were the gas will supply three Reliance petrochemical plants.
The gas supply comes from Enterprise’s Mont Belvieu fractionation complex in Texas, which is connected to production from the Marcellus and Utica Shale regions by the ATEX pipeline.
Learn more: The Maritime Executive > Samsung Delivers World’s Largest Ethane Carriers
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Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
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Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.