Energy Transfer Commences Binding Expansion for Bakken Pipeline
OREANDA-NEWS. October 01, 2014. Energy Transfer Partners, L.P. (NYSE: ETP) announced the launch of a binding Expansion Open Season to assess additional interest in transportation service on the Dakota Access Pipeline (“DAPL”) and Energy Transfer Crude Oil Pipeline (“ETCOP”).
The Expansion Open Season is backed by executed precedent agreements that support an expansion of DAPL from the previously announced 320,000 barrels per day (“bpd”) to a capacity in excess of 450,000 bpd. Subject to the terms and conditions of the Expansion Open Season, potential shippers will have the opportunity to secure transportation service from strategic receipt points in the Bakken/Three Forks production area in North Dakota to key refinery and terminalling hubs in the Midwest and Gulf Coast. Separately, potential shippers will have the opportunity to secure transportation service from the Bakken/Three Forks production area to the Cushing hub in Oklahoma.
The binding Expansion Open Season will commence at 12:00 p.m. Central Time on September 23, 2014. Bona fide potential shippers that would like to receive copies of the open season documents, the throughput and deficiency agreement and proposed tariffs must first sign a confidentiality agreement.
Комментарии