HOUSTON & DALLAS & PHILADELPHIA--(BUSINESS WIRE)--Apr. 21, 2016--
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160421006672/en/
Source: Energy Transfer Partners, L.P. and Sunoco Logistics Partners L.P. and Phillips 66 Partners LP
Phillips 66 Partners
Investor Relations:
Rosy
Zuklic, 832-765-2297
rosy.zuklic@p66.com
or
C.W.
Mallon, 832-765-2297
c.w.mallon@p66.com
or
Media
Relations:
Lara Burhenn, 832-765-4400
lara.k.burhenn@p66.com
or
Energy
Transfer
Investor Relations:
Energy Transfer
Brent
Ratliff, 214-981-0795
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