The $230m Phase I project is expected to allow Crosstex Energy LP to provide an improved NGL transportation, fractionation and marketing alternative to Mont Belvieu in Texas for gas producers and midstream companies.
Crosstex president and chief executive officer Barry E Davis said the company is focused on executing Phase I and II of the Cajun-Sibon projects.
"We are extremely pleased that both producers and midstream companies alike continue to show great enthusiasm for these projects," Davis added.
"They substantiate the value of alternatives to the Mont Belvieu fractionation and liquids markets."
The Eunice fractionators, as a part of the project, will be expanded from 15,000 barrels to 55,000 barrels of NGL per day thus increasing the Crosstex Energy LP’s interconnected fractionation capacity in Louisiana to approximately 97,000 barrels per day of NGLs.
Crosstex Energy LP is expecting to start the operations at the project’s initial capacity of 70,000 barrels per day following contracts with third-party volumes to be in excess of 60,000 barrels per day and the its equity volumes.
The company is expecting that Phase I facilities will be operational in the second quarter of 2013 and is also finalizing engineering and long term agreements for Phase II of the project.
US based Crosstex Energy LP is a midstream natural gas company.
