Energy Transfer Partners Announces Binding Open Season for a Diesel Fuel Pipeline to West Texas
April 12 2018 - 6:00PM
Business Wire
Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP”) today
announced that its subsidiary will launch a binding open season
(“Open Season”) to solicit shipper commitments for transportation
service of diesel fuel from Hebert, TX to the Midland, TX area.
Subject to the results of this Open Season and receipt of all
necessary permits and approvals, the proposed pipeline is expected
to have an initial capacity of 30,000 barrels per day and is
anticipated to be operational in the third quarter of 2020. Through
this Open Season process, potential shippers will have the
opportunity to make volume commitments for firm transportation
service from existing Sunoco Pipeline L.P. assets in Hebert, TX to
a newly constructed terminal in the Midland area.
Open Season Process
The Open Season will commence at 8:00 A.M. (Eastern) on April
13, 2018. The Open Season will run for 60 days, ending at 5:00 P.M.
(Eastern) on June 12, 2018.
Bona fide potential shippers that desire to receive copies of
the Open Season documents are required to execute a confidentiality
agreement and may direct their requests for a confidentiality
agreement to the following e-mail
address: dlWTXD@energytransfer.com
Energy Transfer Equity, L.P. (NYSE: ETE) is a master
limited partnership that owns the general partner and 100% of the
incentive distribution rights (IDRs) of Energy Transfer Partners,
L.P. (NYSE: ETP) and Sunoco LP (NYSE: SUN). ETE also owns Lake
Charles LNG Company. On a consolidated basis, ETE's family of
companies owns and operates a diverse portfolio of natural gas,
natural gas liquids, crude oil and refined products assets, as well
as retail and wholesale motor fuel operations and LNG terminalling.
For more information, visit the Energy Transfer Equity, L.P.
website at www.energytransfer.com.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master
limited partnership that owns and operates one of the largest and
most diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production
basins, ETP owns and operates a geographically diverse portfolio of
complementary natural gas midstream, intrastate and interstate
transportation and storage assets; crude oil, natural gas liquids
(NGL) and refined product transportation and terminalling assets;
NGL fractionation assets; and various acquisition and marketing
assets. ETP’s general partner is owned by Energy Transfer Equity,
L.P. (NYSE: ETE). For more information, visit the Energy Transfer
Partners, L.P. website at www.energytransfer.com.
Forward-Looking Statement
This news release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject
to a variety of known and unknown risks, uncertainties, and other
factors that are difficult to predict and many of which are beyond
management’s control. An extensive list of factors that can affect
future results are discussed in the Partnership’s Annual Report on
Form 10-K and other documents filed from time to time with
the Securities and Exchange Commission. The Partnership
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
The information contained in this press release is available at
www.energytransfer.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180412006415/en/
Energy Transfer Partners, L.P.Investor Relations:Helen Ryoo,
Lyndsay Hannah, Brent Ratliff, 214-981-0795orMedia Relations:Vicki
Granado, 214-840-5820
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