Construction of Seaway Crude Oil Pipeline Loop Completed
July 03 2014 - 8:00AM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) and Enbridge Inc.
(NYSE/TSX:ENB) announced today that the 512-mile loop of the Seaway
Pipeline system from Cushing, Oklahoma, to the Jones Creek storage
and terminal facility near Freeport, Texas, is mechanically
complete. The new 30-inch Seaway Loop Pipeline is expected to more
than double the capacity of the Seaway system to 850,000 BPD.
The Jones Creek facility is connected to Enterprise’s ECHO crude
oil storage facility in Houston by a 65-mile, 36-inch pipeline.
Construction of a 100-mile, 30-inch pipeline from ECHO to
Beaumont/Port Arthur, Texas, is expected to be completed in July
2014. Commissioning of the Seaway Loop, as well as the new pipeline
from ECHO to Beaumont/Port Arthur will continue throughout the
third quarter 2014.
In addition to the pipeline that transports crude oil from
Cushing to the Gulf Coast, the Seaway system comprises a terminal
and distribution network originating in Texas City, Texas, which
serves refineries locally and in the Houston area. The Seaway
system also includes dock facilities at Freeport and Texas
City.
The Seaway Pipeline system is owned by Seaway Crude Pipeline
Company LLC, a 50/50 joint venture owned by affiliates of
Enterprise Products Partners L.P. and Enbridge Inc. For additional
information, please visit www.seawaypipeline.com.
Enterprise Products Partners L.P. (NYSE:EPD) is one of the
largest publicly traded partnerships and a leading North American
provider of midstream energy services to producers and consumers of
natural gas, NGLs, crude oil, refined products and petrochemicals.
Our services include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and import and export terminals; crude oil and refined
products transportation, storage and terminals; offshore production
platforms; petrochemical transportation and services; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems and in the Gulf of
Mexico. The partnership’s assets include approximately 51,000 miles
of onshore and offshore pipelines; 200 million barrels of storage
capacity for NGLs, crude oil, refined products and petrochemicals;
and 14 billion cubic feet of natural gas storage capacity. For more
information, visit www.enterpriseproducts.com.
Enbridge Inc., a Canadian Company, is a North American leader in
delivering energy and has been included on the Global 100 Most
Sustainable Corporations in the World ranking for the past six
years. As a transporter of energy, Enbridge operates, in Canada and
the U.S., the world's longest crude oil and liquids transportation
system. The Company also has a significant and growing involvement
in natural gas gathering, transmission and midstream businesses,
and an increasing involvement in power transmission. As a
distributor of energy, Enbridge owns and operates Canada's largest
natural gas distribution company, and provides distribution
services in Ontario, Quebec, New Brunswick and New York State. As a
generator of energy, Enbridge has interests in more than 1,800
megawatts of renewable and alternative energy generating capacity
and is expanding its interests in wind and solar energy and
geothermal. Enbridge employs more than 10,000 people, primarily in
Canada and the U.S. and is ranked as one of Canada’s Top 100
Employers for 2014. Enbridge's common shares trade on the Toronto
and New York stock exchanges under the symbol ENB. For more
information, visit www.enbridge.com.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission and
“forward-looking information” within the meaning of applicable
Canadian securities legislation (collectively, “forward-looking
statements”). All statements, other than statements of historical
fact, included herein that address activities, events, developments
or transactions that Enterprise and Enbridge expect, believe or
anticipate will or may occur in the future, including anticipated
benefits and other aspects of such activities, events, developments
or transactions, are forward-looking statements. Although
Enterprise and Enbridge believe that the forward-looking statements
included herein are based on information and assumptions which are
current, reasonable and complete, these statements are necessarily
subject to a variety of risks and uncertainties, including required
approvals by regulatory agencies, the possibility that the
anticipated benefits from such activities, events, developments or
transactions cannot be fully realized, the possibility that costs
or difficulties related thereto will be greater than expected, the
impact of competition and other risks and uncertainties included in
the reports filed with the Securities and Exchange Commission by
Enterprise and Enbridge, respectively, and in the filings made by
Enbridge with Canadian securities regulatory authorities. While
Enterprise and Enbridge make these forward-looking statements in
good faith, should one or more of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect,
actual results may differ materially from those expected. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates. Except as required
by law, neither Enterprise nor Enbridge intends to update or revise
its forward-looking statements, whether as a result of new
information, future events or otherwise.
EnterpriseRick Rainey, (713)
381-3635Mediarrainey@eprod.comorEnterpriseRandy Burkhalter,
(713) 381-6812 or (866) 230-0745Investor
Relationsrburkhalter@eprod.comorEnbridgeLarry Springer,
(877) 496-8142Mediausmedia@enbridge.comorEnbridgeAdam
McKnight, (403) 266-7922Investor
Communityadam.mcknight@enbridge.com
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