Enterprise Offering Additional Capacity on Aegis Ethane Pipeline System
Enterprise Offering Additional Capacity on Aegis Ethane Pipeline System
HOUSTON--(BUSINESS WIRE)-- Enterprise Products Partners L.P. (NYS: EPD) today announced the start of a supplemental binding open commitment period to determine additional shipper demand for capacity on and the size of the Aegis pipeline. Aegis is a new 270-mile pipeline system designed to transport purity ethane from Enterprise's Mont Belvieu, Texas liquids storage complex to petrochemical facilities in Texas and Louisiana. Enterprise has already received sufficient commitments to move forward with the project, which is scheduled to begin commercial operations in 2014, but continues to receive interest from potential shippers.
The supplemental binding open commitment period, which begins today and ends May 9, 2013 at 5 p.m. CDT, will accommodate those that have expressed interest in executing long-term transportation agreements. For commercial inquiries or additional information, please contact Russ Kovin at (713) 381-7925 or rkovin@eprod.com. The final design of the pipeline, including capacity and delivery points, will be determined based on binding agreements negotiated at the conclusion of the supplemental binding open commitment period.
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 and refined products transportation, storage and terminals; offshore production platforms; petrochemical transportation and services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems and in the Gulf of Mexico. The partnership's assets include approximately 50,000 miles of onshore and offshore pipelines; 200 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. Additional information about Enterprise is available online at www.enterpriseproducts.com.
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 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.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 does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
Enterprise Products Partners L.P.
Randy Burkhalter, (713) 381-6812 or (866) 230-0745
Investor Relations
or
Rick Rainey, (713) 381-3635
Media Relations
KEYWORDS: United States North America Texas
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