DALLAS—Energy Transfer Partners LP (NYSE: ETP) on April 12 announced that its subsidiary will launch a binding open season to solicit shipper commitments for transportation service of diesel fuel from Hebert, Texas to the Midland, Texas 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 third-quarter 2020. Through this open season process, potential shippers will have the opportunity to make volume commitments for firm transportation service from existing Sunoco Pipeline LP assets in Hebert to a newly constructed terminal in the Midland area.
Open Season Process
The open season commenced at 8 a.m. (Eastern) on April 13 The open season will run for 60 days, ending at 5 p.m. (Eastern) on June 12.
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.
With the long-term contract model fading, LNG’s success as a commodity will rely on providers’ ability to put the product on the water as cheaply as possible.
In the week since our last edition of What’s Affecting Oil Prices, Brent rose $0.67/bbl last week to average $67.71/bbl.
Giant vessel has yet to ship LNG.