OREANDA-NEWS. November 05, 2015. 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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