Enterprise Begins Open Season for Expanded Refined Products Services
Jul. 09, 2018
HOUSTON--(BUSINESS WIRE)--Jul 9, 2018--Enterprise Products Partners L.P. (NYSE: EPD) announced today that its affiliate, Enterprise TE Products Pipeline Company LLC, is conducting an open season to gauge shipper support for incremental volumes of ultra-low sulfur diesel and motor gasoline on the company’s existing 14-inch diameter pipeline that originates in Seymour, Indiana and terminates in the Chicago, Illinois area. To accommodate the additional throughput, Enterprise would increase the capacity on a portion of the 14-inch diameter pipeline in order to receive incremental product in the Indianapolis, Indiana area and deliver such product to the Griffith, Indiana area in Lake County.
Pending sufficient shipper commitments during the open season, expanded service would be expected to begin in December 2018. The open season is being held in response to increased shipper demand for refined products deliveries into the Chicago area market.
The Binding Open Season Commitment Period will begin July 9, 2018 at noon CDT and continue until 5 p.m. CDT on August 10, 2018. Requests for additional information may be directed to James Taylor at (713) 381-5105 or firstname.lastname@example.org.
Enterprise TE Products Pipeline LLC owns and operates a network of pipeline systems spanning more than 4,800 miles, including the 3,317-mile TE Products system that transports refined products and natural gas liquids from the upper Texas Gulf Coast to multiple destinations across the Central and Midwestern United States. The TE Products system features segments extending to Chicago; Lima, Ohio; Selkirk, New York; and a location near Philadelphia, Pennsylvania. The portion of the TE Products system east of Seymour is primarily dedicated to propane transportation.
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 Products Partners L.P. 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 Products Partners L.P. 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 Products Partners L.P. does not intend to update or revise their forward-looking statements, whether as a result of new information, future events or otherwise.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180709005293/en/
CONTACT: Enterprise Products Partners L.P.
Randy Burkhalter, 713-381-6812 or 866-230-0745
Rick Rainey, 713-381-3635
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS INDIANA TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS TRANSPORT OTHER TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: Enterprise Products Partners L.P.
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PUB: 07/09/2018 08:00 AM/DISC: 07/09/2018 08:01 AM