Zydeco Announces Binding Open Season
August 15 2018 - 08:30AM
Zydeco Pipeline Company LLC (Zydeco), jointly owned by Shell
Midstream Partners, L.P. (NYSE: SHLX) and Shell Pipeline Company LP
(SPLC), announced today the start of a binding open season. Zydeco
is seeking binding commitments for firm capacity transportation
service on its 350-mile pipeline which delivers crude to St. James,
LA, and Clovelly, LA from terminals in Houston and Nederland, TX.
“Zydeco is a strategic pipeline and among the best in terms of
connectivity and delivery points of any pipeline along the Gulf
Coast. It has met, and we expect that it will continue to meet,
demand in the critical part of a high-growth market,” said Kevin
Nichols, Executive Vice President US Pipeline and CEO of Shell
Midstream Partners.
Zydeco provides a cost-effective solution to transport crude oil
to Louisiana refiners, helping to alleviate bottlenecks of crude in
Houston and Nederland from the Eagle Ford, Permian Basin and
Bakken. The binding open season began today, August 15, 2018
at 7:30AM CST and will continue until September 28, 2018 at 12:00PM
CST. For more information refer to the Information Memorandum
available on SPLC’s website at www.shell.us/pipeline.
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About Shell Pipeline Company LP
For 99 years, Shell Pipeline Company LP has helped meet
America’s energy needs. SPLC transports more than 1.5 billion
barrels of crude oil and refined products annually through
thousands of miles of pipelines located in five states. As a
wholly-owned subsidiary of Shell Oil Products US, a unit of Shell
Oil Company, SPLC is part of one of the world’s leading energy
companies, which has been a prominent participant in America’s
energy industry for a century. With SPLC’s integrated network of
trunk lines, interconnects and terminals we operate safely,
efficiently and dependably – key factors in keeping the commodities
SPLC carries more affordable for the people who count on them.
About Shell Midstream Partners, L.P.
Shell Midstream Partners, L.P., headquartered in Houston,
Texas, is a fee-based, growth-oriented midstream master limited
partnership formed by Royal Dutch Shell plc to own,
operate, develop and acquire pipelines and other midstream assets.
Shell Midstream Partner, L.P.’s assets include interests in
entities that own crude oil and refined products pipelines and
terminals that serve as key infrastructure to (i) transport onshore
and offshore crude oil production to Gulf Coast and
Midwest refining markets and (ii) deliver refined products from
those markets to major demand centers. Our assets also include
interests in entities that own natural gas and refinery gas
pipelines that transport offshore natural gas to market hubs and
deliver refinery gas from refineries and plants to chemical sites
along the Gulf Coast.
Important Information Relating to Shell Midstream
Partners’ Forward Looking Statements
This press release includes various “forward-looking
statements.” All statements other than statements of historical
fact are, or may be deemed to be, forward-looking statements.
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that are based on management’s current expectations and assumptions
and involve known and unknown risks and uncertainties that could
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