DALLAS--(BUSINESS WIRE)--Sep. 30, 2015--
Bayou Bridge Pipeline, LLC (Bayou Bridge) announces the launch of a
binding expansion open season to assess additional interest in
transportation service from Nederland, Texas, to refining markets in
Louisiana on the Bayou Bridge Pipeline (BBP). Bayou Bridge is jointly
owned by subsidiaries of Phillips 66 (NYSE:PSX), Energy Transfer
Partners, L.P. (NYSE:ETP) and Sunoco Logistics Partners L.P. (NYSE:SXL).
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Construction is already underway on the BBP 30-inch pipeline segment
from Nederland, Texas, to Lake Charles, Louisiana. Bayou Bridge expects
commercial operations for this segment to begin in the first quarter of
2016. The results of the expansion open season will be used by Bayou
Bridge to determine the diameter of the BBP pipeline segment from Lake
Charles to St. James, Louisiana. At St. James, BBP has agreed to a
connection with NuStar Energy L.P.’s crude oil terminal and is in
discussions with additional parties to connect to the extensive existing
crude oil terminalling infrastructure in the region, including the
Plains Marketing, L.P.’s crude oil terminal. The in-service date for
commercial deliveries by Bayou Bridge to St. James, Louisiana, is
forecast for the second half of 2017.
The binding expansion open season will commence at 12 p.m. CDTOctober
1, 2015. Bona fide potential shippers that would like to receive copies
of the expansion open season documents, the throughput and deficiency
agreement, and proposed tariffs must first sign a confidentiality
agreement. More information about the open season will be available on
the ETP website at www.energytransfer.com/ops_lc_sj.aspx
upon commencement of the open season, or by e-mail request to lc_sj@energytransfer.com.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company.
With a portfolio of Midstream, Chemicals, Refining, and Marketing and
Specialties businesses, the company processes, transports, stores and
markets fuels and products globally. Phillips 66 Partners, the company's
master limited partnership, is an integral asset in the portfolio.
Headquartered in Houston, the company has 14,000 employees committed to
safety and operating excellence. Phillips 66 had $50 billion in assets
as of June 30, 2015. For more information, visit www.phillips66.com
or follow us on Twitter @Phillips66Co.
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 approximately 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. Additionally, ETP owns approximately 60% of the
limited partner interests in Sunoco LP (formerly Susser Petroleum
Partners LP) (NYSE: SUN), a wholesale fuel distributor and convenience
store operator. ETP’s general partner is owned by Energy Transfer
Equity, L.P. (NYSE: ETE). For more information, visit the Energy
Transfer Partners, L.P. web site at www.energytransfer.com.
About Sunoco Logistics
Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in
Philadelphia, 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. web site at www.sunocologistics.com.
Forward-Looking Statements
This press 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 Annual Reports on Form 10-K and other documents filed
by Phillips 66, Energy Transfer Partners and Sunoco Logistics from time
to time with the Securities and Exchange Commission. Phillips 66, Energy
Transfer Partners and Sunoco Logistics undertake no obligation to update
or revise any forward-looking statement to reflect new information or
events.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150930006939/en/
Source: Energy Transfer Partners, L.P.and Phillips 66 and Sunoco Logistics Partners L.P.
Phillips 66
Investor Relations:
Kevin Mitchell,
832-765-2297
kevin.mitchell@p66.com
or
Media
Relations:
Dennis Nuss, 832-765-1850
dennis.h.nuss@p66.com
or
Energy
Transfer
Investor Relations:
Brent Ratliff,
214-981-0700
or
Media Relations:
Granado
Communications Group
Vicki Granado, 214-599-8785
Cell:
214-498-9272
or
Sunoco Logistics
Investor
Relations:
Peter Gvazdauskas, 215-977-6322
or
Media
Relations:
Jeff Shields, 215-977-6056