Enterprise Begins Open Season for Proposed Expansion of Texas NGL Pipeline System

abarrelfullabarrelfull wrote on 20 Oct 2011 10:37
Tags: enterprise ngl pipeline usa

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Enterprise Products Partners L.P. (NYSE: EPD) today announced the start of a binding open season being conducted by Skelly-Belvieu Pipeline Company, LLC ("Skelly-Belvieu"), a joint venture partially owned and operated by an Enterprise affiliate. The purpose of the open season is to seek shipper support for a proposed expansion of the 570-mile Skelly-Belvieu natural gas liquids ("NGL") pipeline. The system originates in Carson County, Texas and transports purity products from the Mid-continent to Mont Belvieu, Texas, where Enterprise owns and operates approximately 100 million barrels of liquids storage capacity.

"The expansion of the Skelly-Belvieu pipeline reflects Enterprise's ongoing commitment to meeting the growing demand of customers along the Gulf Coast for reliable, domestic supplies of NGLs," said James M. Collingsworth, senior vice president, Regulated Pipelines and Gas Storage for Enterprise's general partner. "The additional throughput capacity resulting from the expansion would not only benefit our ownership interest in the Skelly-Belvieu joint venture, but would create growth opportunities for other areas of the partnership's integrated midstream network, including the Mid-America Pipeline system, our Mont Belvieu storage facilities, and NGL marketing services."

Depending on shipper response to the open season, the Skelly-Belvieu expansion project can be designed to accommodate approximately 17,000 barrels per day ("BPD") of incremental annual average capacity to the system, 90 percent of which is being made available in the open season for priority service. Achieving the additional capacity would involve installing pumps and related equipment. Provided there is sufficient shipper commitment, the additional capacity could be available as soon as the fourth quarter of 2012.

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