DALLAS--(BUSINESS WIRE)--Apr. 12, 2018--
Energy Transfer Partners, L.P. (NYSE: ETP) (“ETP”) today announced that
its subsidiary will launch a binding open season (“Open Season”) to
solicit shipper commitments for transportation service of diesel fuel
from Hebert, TX to the Midland, TX area. Subject to the results of this
Open Season and receipt of all necessary permits and approvals, the
proposed pipeline is expected to have an initial capacity of 30,000
barrels per day and is anticipated to be operational in the third
quarter of 2020. Through this Open Season process, potential shippers
will have the opportunity to make volume commitments for firm
transportation service from existing Sunoco Pipeline L.P. assets in
Hebert, TX to a newly constructed terminal in the Midland area.
Open Season Process
The Open Season will commence at 8:00 A.M. (Eastern) on April 13, 2018.
The Open Season will run for 60 days, ending at 5:00 P.M. (Eastern) on
June 12, 2018.
Bona fide potential shippers that desire to receive copies of the Open
Season documents are required to execute a confidentiality agreement and
may direct their requests for a confidentiality agreement to the
following e-mail address: dlWTXD@energytransfer.com
Energy Transfer Equity, L.P. (NYSE: ETE) is a master limited
partnership that owns the general partner and 100% of the incentive
distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP)
and Sunoco LP (NYSE: SUN). ETE also owns Lake Charles LNG Company. On a
consolidated basis, ETE's family of companies owns and operates a
diverse portfolio of natural gas, natural gas liquids, crude oil and
refined products assets, as well as retail and wholesale motor fuel
operations and LNG terminalling. For more information, visit the Energy
Transfer Equity, L.P. website at www.energytransfer.com.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership that owns and operates one of the largest and most
diversified portfolios of energy assets in the United States.
Strategically positioned in all of the major U.S. production basins, ETP
owns and operates a geographically diverse portfolio of complementary
natural gas midstream, intrastate and interstate transportation and
storage assets; crude oil, natural gas liquids (NGL) and refined product
transportation and terminalling assets; NGL fractionation assets; and
various acquisition and marketing assets. ETP’s general partner is owned
by Energy Transfer Equity, L.P. (NYSE: ETE). For more information, visit
the Energy Transfer Partners, L.P. website at www.energytransfer.com.
Forward-Looking Statement
This news release may include certain statements concerning expectations
for the future that are forward-looking statements as defined by federal
law. Such forward-looking statements are subject to a variety of known
and unknown risks, uncertainties, and other factors that are difficult
to predict and many of which are beyond management’s control. An
extensive list of factors that can affect future results are discussed
in the Partnership’s Annual Report on Form 10-K and other documents
filed from time to time with the Securities and Exchange Commission. The
Partnership undertakes no obligation to update or revise any
forward-looking statement to reflect new information or events.
The information contained in this press release is available at www.energytransfer.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180412006415/en/
Source: Energy Transfer Partners, L.P.
Energy Transfer Partners, L.P.
Investor Relations:
Helen
Ryoo, Lyndsay Hannah, Brent Ratliff, 214-981-0795
or
Media
Relations:
Vicki Granado, 214-840-5820