Enterprise to Increase Capacity on Aegis Ethane Pipeline; Conducts Supplemental Open Season

abarrelfull wrote on 15 Oct 2013 18:35
Tags: enterprise n-america pipeline usa

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Enterprise Products Partners L.P. (NYSE:EPD) today announced an expansion of its wholly owned Aegis Pipeline following strong interest from shippers. Long-term agreements have been executed, which support increasing the size of the Aegis pipeline to 20-inches in diameter, which will facilitate delivery of up to 425,000 barrels per day of ethane to the expanding petrochemical corridor along the Gulf Coast.

The 270-mile Aegis pipeline will originate at Enterprise’s Mont Belvieu, Texas liquids storage complex and, through connections to other Enterprise-owned pipelines, will deliver purity ethane to ethylene production facilities between Beaumont, Texas and Napoleonville, Louisiana. Aegis will commence service in phases, with initial deliveries expected to begin during the second quarter of 2014.

“Interest continues to build as shippers recognize the value Aegis offers through enhanced flexibility, supply diversification and market access,” said A.J. “Jim” Teague, chief operating officer of Enterprise’s general partner. “As an extension of our midstream network that features access to 100 million barrels of storage capacity at our Mont Belvieu complex, the Aegis pipeline system offers a complete and integrated solution for meeting the needs of both producers and consumers of growing domestic supplies of ethane. Together, Aegis and our South Texas ethane pipeline enable Enterprise to provide ethylene facilities from Corpus Christi to the Mississippi River with reliable supplies of ethane through a header system anchored by our Mont Belvieu complex.”

• Enterprise to Increase Capacity on Aegis Ethane Pipeline; Conducts Supplemental Open Season

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