A new player on the Delaware River is eyeing Energy Transfer’s (ET) stranglehold on the Northeast LPG market. The Repauno Port & Rail Terminal, located in Gibbstown, NJ, plans an expansion that would challenge the Marcus Hook facility as the default outlet for Appalachian LPG exports.
Repauno is backed by upstart developer FTAI Infrastructure (FIP) and led by Hank Alexander, former Senior Vice President of Commercial Operations at ET. The industrial site spans 1,600 acres and features a 40-foot deepwater dock capable of handling Very Large Gas Carriers (VLGCs), a transloading facility with direct access to multiple railways, plus an underground LPG cavern.
The port can currently handle up to 24 Mb/d of railed LPGs, mostly butane. FTAI plans to scale up export capacity to 96 Mb/d through infrastructure upgrades, including a new cryogenic storage tank and additional marine loading arms. The company is targeting 4Q26 to complete the project.
The Repauno expansion is currently in the capital-raising phase. FTAI seeks up to $300MM in municipal bond financing to complete the project, according to investor materials reviewed by East Daley Analytics. The company is targeting 4Q26 to complete the Phase 2 project.
FTAI acquired the Repauno site in 2016 and has invested ~$332MM to date in upgrades. The Repauno terminal loaded 10 LPG cargoes in 2024, signaling operational readiness ahead of the expansion.
Commercial interest in the project is strong. Range Resources (RRC) has confirmed a 20 Mb/d contract starting in January 2027. FTAI said it has secured total commitments of 71 Mb/d from three customers for the Phase 2 expansion, including the RRC contract.
The Repauno expansion would change the competitive landscape for Northeast LPGs if FTAI can complete the project. The map above shows Northeast NGL assets from the NGL Hub Model, available in Energy Data Studio. Fed by its Mariner East pipelines, ET has built a strategic moat at Marcus Hook and dominates marine exports. Marcus Hook’s role as the primary egress point for Appalachian LPGs has enabled ET to command a premium, but that leverage now appears at risk. – Julian Renton Tickers: ET, FIP.
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