OREANDA-NEWS. June 29, 2016. Enterprise Products Partners L.P. (NYSE: EPD) is investigating the cause
of a fire that occurred yesterday at its natural gas processing facility
in Pascagoula, Mississippi. There were no injuries nor impacts to the
surrounding community and the fire was restricted to inside the
facility. The situation is under control and the plant has been shut
down. Enterprise personnel have been working closely with local
emergency responders and the company has notified all appropriate
regulatory authorities.
The Pascagoula plant receives natural gas from third party pipelines.
The plant is comprised of three trains with approximately 1.5 billion
cubic feet per day of capacity. The facility was averaging approximately
400 million cubic feet per day of inlet volumes. Enterprise is working
with its customers and third party facility operators to keep them
apprised of the situation and help determine other available options
while the Pascagoula plant is out of service.
Enterprise assumed 100 percent ownership of the Pascagoula plant when it
purchased the outstanding interest from BP during the first quarter of
2016.
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 and its general
partner expect, believe or anticipate will or may occur in the future
are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially from expectations, 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 Enterprise’s reports filed with the Securities and
Exchange Commission. 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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