Teppco Partners recently purchased an underground Liquified Petroleum Gas (LPG) storage cavern in Middleton, Ohio, helping raise the midstream company’s capacity for storage by over 300,00 barrels. The purchase is in line with the MLP’s expansion into the midstream LPG space, and has helped boost delivery capability of the Greensburg / Eagle pipeline segment by around 40%.
LPG is essentially a mixture of hydrocarbon gas (typically propane and butane) that can be used for heating or, as is increasingly the case, as a refrigerant in air conditioning systems. This recent trend was sparked by the need to decrease use of chlorofluorocarbons in cooling systems due to their environmental impact.
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