Enterprise Products Partners LP reports launch of open season for proposed expansion of Texas NGL Pipeline System.
M2 EQUITYBITES-October 20, 2011-Enterprise Products Partners LP reports launch of open season for proposed expansion of Texas NGL Pipeline System(C)2011 M2 COMMUNICATIONS http://www.m2.com
Enterprise Products Partners LP (NYSE:EPD) revealed on Wednesday the start of its binding open season with effect from 19 October 2011 at
12 noon CDT until 17:00 CST 16 November 2011.
This open season is being conducted by Skelly-Belvieu Pipeline Company LLC (Skelly-Belvieu), a joint venture partially owned and operated by an Enterprise affiliate.
The open season will reportedly seek shipper support for the planned expansion of the 570-mile Skelly-Belvieu natural gas liquids pipeline, which originates in Carson County, Texas and transports purity products from the Mid-continent to Mont Belvieu, Texas, where Enterprise owns and operates about 100m barrels of liquids storage capacity.
According to the company, the Skelly-Belvieu expansion project can be designed to accommodate about 17,000 barrels per day of incremental annual average capacity to the system, 90% of which is being made available in the open season.
Additional capacity is expected to be available in the Q4 of 2012 if there is sufficient shipper commitment, said the company.
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|Date:||Oct 20, 2011|
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