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 jktaylor@eprod.com.
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.
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