This article is brought to you by: Coreworks, leaders in Brazed Aluminum Heat Exchangers, Cold Boxes, & Process Skids
Enterprise Products says its current growth-project portfolio is expected to begin commercial operations through 2028, with a Houston Ship Channel LPG terminal expansion and the Athena gas-processing plant scheduled for fourth-quarter 2026 completion.
Published by Allstream Insiders
Allstream Insiders Summary
Enterprise Products Partners reported that it has $6.3 billion of growth capital projects under construction that are expected to begin commercial operations between now and 2028.
According to Enterprise’s October 29, 2026, third-quarter announcement, the next projects scheduled for completion are the fourth expansion of its LPG marine terminal on the Houston Ship Channel and the new Athena natural gas processing plant in the Midland Basin.
Enterprise said the LPG terminal expansion would add approximately 300,000 barrels per day of loading capacity, bringing the facility’s total LPG loading rate to approximately 1.1 million barrels per day. The Athena plant is designed to process 300 million cubic feet per day of natural gas and recover up to 40,000 barrels per day of NGLs.
The announcement identifies a large active capital program but does not disclose individual project budgets, detailed construction schedules, engineering firms, equipment suppliers or contractor awards for the projects under construction.
Enterprise’s active project portfolio at a glance
| Item | Company-reported detail |
|---|---|
| Growth projects under construction | $6.3 billion |
| Expected commercial-operation period | Between now and 2028 |
| Next scheduled completions | Fourth-quarter 2026 |
| Houston Ship Channel LPG expansion | Adds approximately 300,000 BPD of loading capacity |
| Total LPG loading rate after expansion | Approximately 1.1 million BPD |
| Athena gas-processing plant | Midland Basin; 300 MMcf/d of gas-processing capacity and up to 40,000 BPD of NGL recovery |
| 2026 growth-capital outlook | $2.9 billion to $3.4 billion, net of $600 million in asset-sale proceeds |
| 2026 sustaining-capital outlook | $650 million |
Houston Ship Channel terminal expansion targets higher LPG export capacity
Enterprise said its fourth LPG marine-terminal expansion on the Houston Ship Channel is scheduled for completion during the fourth quarter of 2026. The project would increase loading capacity by approximately 300,000 barrels per day to a total of about 1.1 million barrels per day.
The company described the expanded facility as the world’s largest LPG export facility. The release does not identify the project’s standalone budget, the specific dock, marine, storage or loading-system scope, or an in-service date within the quarter.
Enterprise also did not disclose supplier awards or construction packages associated with the terminal work. The announced capacity should therefore be treated as Enterprise’s planned operating capability after completion, not as confirmation that all portions of the project are already in service.
Athena plant would add Midland Basin processing and NGL-recovery capacity
Enterprise said its new Athena natural gas-processing plant in the Midland Basin is also scheduled for fourth-quarter completion. The plant is designed to process 300 MMcf/d of natural gas and recover up to 40,000 barrels per day of NGLs.
The announcement does not identify the Athena site’s exact location, customer commitments, inlet-gas supply arrangements, downstream transportation path, capital cost, contractor team or commissioning date.
Enterprise reported record Permian Basin inlet volumes of 4.6 Bcf/d during the third quarter. That operating result provides context for the company’s continued processing buildout, but it does not establish future utilization or throughput at Athena.
Recently completed assets provide context for the buildout
Enterprise said several assets began operations during the previous 12 months, including its eleventh Delaware Basin natural gas-processing plant, the Bahia NGL pipeline, Frac 14 at the Mont Belvieu complex and the second phase of the Neches River NGL marine terminal.
Those assets are already operating and should be distinguished from the $6.3 billion of growth projects that remain under construction. Enterprise did not provide a complete project-by-project list of the remaining portfolio in its third-quarter release.
What could be involved as projects move through execution?
Allstream perspective: A midstream program that combines gas processing, NGL recovery, pipelines, fractionation and marine-export capacity can involve a broad range of engineering, fabrication and field-services work. Depending on the specific project scope, that work could include process and detailed engineering, line pipe, compression and treating equipment, pumps, valves, metering, electrical and control systems, structural steel, civil work, welding, insulation, coatings, scaffolding, equipment rentals and marine-terminal infrastructure.
However, Enterprise’s announcement does not assign these scopes to a particular project or disclose procurement packages, contractor selections or bid schedules. Those opportunities should not be inferred from the overall $6.3 billion figure.
The next decision-useful updates will be project-specific completion notices, capital authorizations, regulatory filings, equipment orders and engineering or construction awards. Until then, Enterprise’s disclosure supports tracking an active multiyear buildout with two near-term facilities scheduled for completion—not a fully defined list of open supplier opportunities.
