Energy Transfer Announces a New Gulf Coast Ethane Export Facility ('Orbit')

Energy Transfer Partners, L.P. and Satellite Petrochemical USA Corp. have entered into definitive agreements to form a joint venture, Orbit Gulf Coast NGL Exports, LLC (“Orbit”), with the purpose of constructing a new export terminal on the U.S. Gulf Coast to provide ethane to Satellite for consumption at their ethane cracking facilities in China.