Taylor NGL Limited Partnership

Taylor NGL Limited Partnership

March 24, 2005 09:13 ET

Taylor NGL Limited Partnership Announces Increased Distribution for April


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TAYLOR NGL LIMITED PARTNERSHIP

TSX SYMBOL: TAY.UN
TSX SYMBOL: TAY.DB

MARCH 24, 2005 - 09:13 ET

Taylor NGL Limited Partnership Announces Increased
Distribution for April

CALGARY, ALBERTA--(CCNMatthews - March 24, 2005) - Taylor Gas Liquids
Ltd., general partner of Taylor NGL Limited Partnership (TSX:TAY.UN)
(TSX:TAY.DB), is pleased to announce a 4.5% increase in cash
distributions to $0.0575 per limited partnership unit to be paid on
April 15th to unitholders of record on April 8th, 2005.

This increase in distributions is supported by the commencement of
commercial operations on the Joffre Feedstock Pipeline and continued
positive margins in the NGL extraction business. A further increase in
the distribution level will be considered following a turnaround at
Taylor's latest acquisition, the Harmattan Gas Processing Complex, that
has been scheduled from mid-April to mid-May to complete routine
maintenance.

The Partnership owns and operates the RET Complex, the Harmattan Complex
and the Joffre Extraction Plant, all in Alberta, and the Younger
Extraction Plant in British Columbia. The Partnership also owns two
natural gas liquids pipelines, the Ethylene Delivery System and the
Joffre Feedstock Pipeline, both which move products between Joffre,
Alberta and Fort Saskatchewan, Alberta. The Joffre and Younger plants
are natural gas liquids extraction facilities that produce ethane,
propane, butane and condensate. The RET Complex and the Harmattan
Complex are natural gas processing facilities that provide services to
oil and gas producers under a variety for fee structures.

This press release contains forward-looking statements, which are
subject to certain assumptions, risks and uncertainties that could cause
actual results to differ materially from those contemplated in the
forward-looking statements.

Taylor NGL Limited Partnership (www.taylorngl.com) units and convertible
debentures trade on the Toronto Stock Exchange under the symbol TAY.UN
and TAY.DB, respectively.

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