Phillips 66 (NYSE:PSX) is moving ahead with its Zeus Gas Plant project, adding new gas processing capacity in the Permian.

The Zeus plant and the additional fractionator are both included in Phillips 66’s $2bn–$2.5bn capital spending plan.

Canadian gas production is predicted to increase to 22 bcfd by 2030, almost 18% more than 2024, while NGL production is forecast to increase about 200,000 b/d to 1.75 million b/d over this period.

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Enterprise and ExxonMobil plan to raise Bahia's capacity to transport Permian NGLs to Enterprise's Mont Belvieu fractionation complex to one million bpd. Image by zhengzaishuru via iStock Enterprise ...