Phillips 66 Partners, Energy Transfer Partners & Sunoco Logistics Announce Start of Commercial Operations on Bayou Bridge Pip...
April 21 2016 - 3:30PM
Business Wire
Bayou Bridge Pipeline, LLC (Bayou Bridge) today announced that
it has started commercial operations on the 30-inch segment of the
Bayou Bridge Pipeline from Nederland, Texas, to Lake Charles,
Louisiana. Bayou Bridge is jointly owned by subsidiaries of
Phillips 66 Partners LP (NYSE:PSXP), Energy Transfer Partners, L.P.
(NYSE:ETP) and Sunoco Logistics Partners L.P. (NYSE:SXL).
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In addition, the joint venture completed a successful binding
expansion open season to assess additional interest in
transportation service from Nederland, Texas, to refining markets
east of Lake Charles on the Bayou Bridge Pipeline. Based on shipper
commitments, the Louisiana segment of the pipeline from Lake
Charles to St. James will be 24 inches in diameter.
At Lake Charles, Bayou Bridge has agreed to connect to Phillips
66 Partners’ Clifton Ridge terminal and Citgo’s Lake Charles
refinery. At St. James, Bayou Bridge has agreed to connections to
Plains Marketing, L.P.’s and NuStar Energy L.P.’s crude oil
terminals. Bayou Bridge also is in discussions with additional
parties to connect to the extensive existing crude oil terminalling
infrastructure in the region.
Bayou Bridge remains on schedule with respect to the 24-inch
segment to St. James, and commercial operations for this segment
are expected to begin in the second half of 2017, as previously
announced.
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a
growth-oriented master limited partnership formed by Phillips 66 to
own, operate, develop and acquire primarily fee-based crude oil,
refined petroleum product and natural gas liquids pipelines and
terminals and other transportation and midstream assets. For more
information, visit www.phillips66partners.com.
About Energy Transfer Partners
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited
partnership owning and operating one of the largest and most
diversified portfolios of energy assets in the United States. ETP’s
subsidiaries include Panhandle Eastern Pipe Line Company, LP (the
successor of Southern Union Company) and Lone Star NGL LLC, which
owns and operates natural gas liquids storage, fractionation and
transportation assets. In total, ETP currently owns and operates
more than 62,500 miles of natural gas and natural gas liquids
pipelines. ETP also owns the general partner, 100% of the incentive
distribution rights, and approximately 67.1 million common units in
Sunoco Logistics Partners L.P. (NYSE: SXL), which operates a
geographically diverse portfolio of crude oil and refined products
pipelines, terminalling and crude oil 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.
About Sunoco Logistics
Sunoco Logistics Partners L.P. (NYSE: SXL) is a master limited
partnership that owns and operates a logistics business consisting
of a geographically diverse portfolio of complementary crude oil,
refined products, and natural gas liquids pipeline, terminalling
and acquisition and marketing assets which are used to facilitate
the purchase and sale of crude oil, refined products, and natural
gas liquids. SXL’s general partner is a consolidated subsidiary of
Energy Transfer Partners, L.P. (NYSE: ETP). For more information,
visit the Sunoco Logistics Partners L.P. website at
www.sunocologistics.com.
Forward-Looking Statements
This press release includes 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 Annual Reports on Form 10-K and
other documents filed by Phillips 66 Partners, Energy Transfer and
Sunoco Logistics from time to time with the Securities and Exchange
Commission. Phillips 66 Partners, Energy Transfer and Sunoco
Logistics undertake no obligation to update or revise any
forward-looking statement to reflect new information or events.
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Phillips 66 PartnersInvestor Relations:Rosy
Zuklic, 832-765-2297rosy.zuklic@p66.comorC.W. Mallon,
832-765-2297c.w.mallon@p66.comorMedia Relations:Lara
Burhenn, 832-765-4400lara.k.burhenn@p66.comorEnergy
TransferInvestor Relations:Energy TransferBrent Ratliff,
214-981-0795orMedia Relations:Granado Communications
GroupVicki Granado, 214-599-8785Cell: 214-498-9272orSunoco
LogisticsInvestor Relations:Peter Gvazdauskas,
215-977-6322orMedia Relations:Jeff Shields, 215-977-6056
Sunoco Logistics Partners L.P. (NYSE:ETP)
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