Energy Transfer Partners' Tiger Pipeline Receives FERC Certificate

abarrelfullabarrelfull wrote on 28 Nov 2013 11:56

Apr 12, 2010

Energy Transfer Partners, L.P. (NYSE:ETP), today announced the Federal Energy Regulatory Commission (FERC) has approved its NGA Section 7(c) Certificate Application permitting the construction and operation of its planned Tiger Pipeline, which will serve the Haynesville Shale and Bossier Sands producing regions in Louisiana and East Texas.

FERC's approval and issuance of Tiger Pipeline's certificate authorizes the construction of the approximately 175-mile, 42-inch interstate natural gas pipeline with a capacity of 2 billion cubic feet per day. Through a planned expansion project announced in February, and subject to FERC approval, the ultimate capacity of the Tiger Pipeline is expected to be 2.4 billion cubic feet per day, which is sold out under long-term contracts ranging from 10 to 15 years. The Tiger Pipeline will have interconnects with seven major interstate pipelines that serve the Northeast, Southeast, Mid-Atlantic and Midwest markets.

"We are excited to take this significant step on the Tiger project, and we look forward to beginning construction this summer," said Lee Hanse, Senior Vice President - Interstate Division. "This project not only allows us to provide the takeaway capacity our customers have come to expect from us, but also allows us to provide a vehicle for job opportunities and tax revenue for the local economies in Louisiana and East Texas."

Pending FERC's approval of Tiger Pipeline's Implementation Plan, construction is expected to begin in June 2010. The Tiger Pipeline is expected to be in service the first half of 2011, and the 0.4 billion cubic feet per day expansion is expected to be in service the second half of 2011.

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