Enterprise Begins Open Season for Expanded Refined Products Services
July 09 2018 - 08:00AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) announced today
that its affiliate, Enterprise TE Products Pipeline Company LLC, is
conducting an open season to gauge shipper support for incremental
volumes of ultra-low sulfur diesel and motor gasoline on the
company’s existing 14-inch diameter pipeline that originates in
Seymour, Indiana and terminates in the Chicago, Illinois area. To
accommodate the additional throughput, Enterprise would increase
the capacity on a portion of the 14-inch diameter pipeline in order
to receive incremental product in the Indianapolis, Indiana area
and deliver such product to the Griffith, Indiana area in Lake
County.
Pending sufficient shipper commitments during the open season,
expanded service would be expected to begin in December 2018. The
open season is being held in response to increased shipper demand
for refined products deliveries into the Chicago area market.
The Binding Open Season Commitment Period will begin July 9,
2018 at noon CDT and continue until 5 p.m. CDT on August 10, 2018.
Requests for additional information may be directed to James Taylor
at (713) 381-5105 or jktaylor@eprod.com.
Enterprise TE Products Pipeline LLC owns and operates a network
of pipeline systems spanning more than 4,800 miles, including the
3,317-mile TE Products system that transports refined products and
natural gas liquids from the upper Texas Gulf Coast to multiple
destinations across the Central and Midwestern United States. The
TE Products system features segments extending to Chicago; Lima,
Ohio; Selkirk, New York; and a location near Philadelphia,
Pennsylvania. The portion of the TE Products system east of Seymour
is primarily dedicated to propane transportation.
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 gathering,
transportation, storage and terminals; petrochemical and refined
products transportation, storage and terminals; and a marine
transportation business that operates primarily on the United
States inland and Intracoastal Waterway systems. The partnership’s
assets include approximately 49,000 miles of pipelines; 250 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 Products Partners L.P. 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 Products Partners L.P. 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
Products Partners L.P. does not intend to update or revise their
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20180709005293/en/
Enterprise Products Partners L.P.Randy Burkhalter, 713-381-6812
or 866-230-0745Investor RelationsorRick Rainey, 713-381-3635Media
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