Zydeco Takes the Next Step toward Meeting Customer Needs and Flexibility with LOCAP and Sunoco Logistics Joint Tariffs
August 11 2016 - 8:30AM
On August 1, 2016, Zydeco Pipeline Company LLC (“Zydeco”) and LOCAP
LLC (“LOCAP”) filed a joint tariff that will allow for movement of
Poseidon crude oil from Houma to St. James beginning September 1,
2016 through Zydeco’s 24” pipeline into LOCAP’s 48” main oil
pipeline.
Moving Poseidon via LOCAP will free up an additional 100-140kbd
of capacity for Zydeco’s shippers on the Houma to St. James 18”
pipeline, while enabling the Poseidon shippers to ship under the
joint tariff at the same rate structure as the existing 18”
pipeline.
“This is a big win in meeting our customers’ and the market’s
needs for additional capacity,” said Michele Joy, Vice President of
Zydeco. “And we’re thrilled with the positive response we’ve
already received from our shippers.”
“Providing this kind of alternative in a collaborative way truly
highlights how we’re working to ensure a consistent and secure path
for our customers,” said Shawn Lyon, President of LOCAP.
In another move to provide optionality for customers, Zydeco and
Sunoco Logistics Partners L.P. (“Sunoco”) also filed a joint tariff
on August 1, 2016 to open a connection from SUNOCO’s Nederland,
Texas Terminal into Zydeco pipeline at Port Neches, Texas.
This will allow additional to be available to shippers on September
1, 2016.
“To ensure that we secure the flexibility and optionality that
the shipping community requires, the arrangement with Sunoco simply
made perfect sense,” said Michele Joy, Vice President of
Zydeco.
# # #
About Zydeco Pipeline Company LLC: Zydeco Pipeline
Company is jointly owned by Shell Pipeline Company LP (SPLC) and
Shell Midstream Partners, L.P. (NYSE: SHLX). Zydeco’s Houston
to Houma oil pipeline system runs from Houston, Texas to market
hubs in St. James and Clovelly, Louisiana. It provides US Gulf
Coast refineries and terminals with pipeline access to additional
sources of growing light crude oil production arriving in the
Houston market from the Eagle Ford shale, Permian Basin and Bakken
shale and to offshore production landing in Houma, Louisiana.
About LOCAP LLC: LOCAP is a common carrier pipeline
system. LOCAP transports crude oil from Clovelly, Louisiana through
a 54 mile, 48-inch pipeline to the LOCAP St. James Terminal
facility and other destinations in St. James, Louisiana. In
St. James, LOCAP offers further distribution to a large number of
refineries via connecting pipeline systems.
Shell Midstream Partners (NYSE:SHLX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Shell Midstream Partners (NYSE:SHLX)
Historical Stock Chart
From Apr 2023 to Apr 2024