Enterprise Offering Additional Capacity on Aegis Ethane Pipeline System
April 09 2015 - 7:05PM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced the
start of a supplemental binding open commitment period to determine
shipper demand for incremental capacity being added on the Aegis
pipeline between Mont Belvieu, Texas and the Napoleonville,
Louisiana area along the Mississippi River corridor. The 270-mile
Aegis pipeline system is designed to transport purity ethane from
Enterprise’s Mont Belvieu, Texas liquids storage complex to
petrochemical facilities in Texas and Louisiana.
The initial 60-mile segment from Mont Belvieu to Beaumont, Texas
began service in September of 2014. The remainder of the Aegis
pipeline will be completed in two phases, which are scheduled for
completion by the end of 2015.
The incremental capacity associated with this open season will
be achieved through the installation of additional pumps. The
additional capacity is being offered in response to continued
interest from potential shippers and is expected to be available in
the first quarter of 2018.
The supplemental binding open commitment period, which begins
today and ends May 11, 2015 at 5 p.m. CDT, is being held to
accommodate those that have expressed interest in executing
long-term transportation agreements to the Napoleonville area along
the Mississippi River corridor. For commercial inquiries or
additional information, please contact John Kotara at (713)
381-8376 or jkotara@eprod.com.
Enterprise Products Partners L.P. 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; 225 million barrels of storage
capacity for NGLs, crude oil, refined products and petrochemicals;
and 14 billion cubic feet of natural gas storage capacity.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise expects, believes or anticipates will or may occur in
the future, including anticipated benefits and other aspects of
such activities, events, developments or transactions, are
forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially, 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 risk factors included in the reports filed with the
Securities and Exchange Commission by Enterprise. 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, Enterprise does not intend to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise.
Enterprise Products Partners L.P.Randy Burkhalter, 713-381-6812
or 866-230-0745Investor RelationsorRick Rainey, 713-381-3635Media
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