Enterprise Offering Additional Capacity on Aegis Ethane Pipeline System
October 30 2015 - 7:30AM
Business Wire
Enterprise Products Partners L.P. (NYSE:EPD) today announced it
will be conducting a binding open commitment period to gauge
shipper support for a proposed expansion of the Aegis pipeline. The
270-mile Aegis 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, followed by the 48-mile portion
from Beaumont to Lake Charles, Louisiana in September of 2015. The
remainder of the Aegis pipeline, which will extend to the
Mississippi River corridor area, is on schedule for completion by
the end of 2015.
The incremental capacity being offered reflects the continued
strong interest in the Aegis pipeline and marks the second
supplemental open season to expand the system. The expanded
capabilities of the Aegis system, which are being achieved by the
addition of pumps and related infrastructure, is expected to come
online in stages through 2019, depending on the level of customer
commitments.
The binding open commitment period begins November 1, 2015 and
continues until November 30, 2015 at 5 p.m. CST. 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 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; 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20151030005134/en/
Enterprise Products Partners L.P.Investor RelationsRandy
Burkhalter, 713-381-6812 or 866-230-0745orMedia RelationsRick
Rainey, 713-381-3635
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