DALLAS--(BUSINESS WIRE)--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.
