Mariner East 2 Pipeline Is Now Transporting Natural Gas Liquids from
Eastern Ohio to the Marcus Hook Industrial Complex
DALLAS--(BUSINESS WIRE)--Dec. 29, 2018--
Energy Transfer LP (NYSE: ET) announced that effective today its Mariner
East 2 natural gas liquids (NGLs) pipeline is in service, available for
both interstate and intrastate service. The 350-mile NGL pipeline
transports domestically produced ethane, propane and butane east from
processing plants in Ohio across West Virginia and Pennsylvania to
Energy Transfer’s Marcus Hook Industrial Complex in Delaware County, PA,
where the NGLs are stored for distribution to local, domestic and
waterborne markets.
Mariner East 2 is part of Energy Transfer’s Mariner East system of
pipelines designed to provide much-needed NGL takeaway capacity for the
Marcellus and Utica Shale production areas in Eastern Ohio, West
Virginia and Western Pennsylvania. The Mariner East 2X pipeline, which
parallels Mariner East 2, is expected to be in service in late 2019. The
Mariner East system will provide both operational flexibility and
enhanced security of NGL supply from producing areas to key markets in
the region and beyond.
According to a 2015 economic impact study by EConsult Solutions, the
total impact from the construction of the Mariner East pipelines is
estimated to be more than $9.1 billion in Pennsylvania alone. When
complete, the projects will have provided more than 9,500 construction
jobs per year for six years, with associated earnings totaling more than
$2.7 billion.
About the Partnerships
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and
most diversified portfolios of energy assets in the United States, with
a strategic footprint in all of the major domestic production basins. ET
is a publicly traded limited partnership with core operations that
include 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; and various acquisition and marketing assets. ET, through
its ownership of Energy Transfer Operating, L.P., also owns Lake Charles
LNG Company, as well as the general partner interests, the incentive
distribution rights and 28.5 million common units of Sunoco LP (NYSE:
SUN), and the general partner interests and 39.7 million common units
of USA Compression Partners, LP(NYSE: USAC). For more information, visit
the Energy Transfer website at www.energytransfer.com.
Energy Transfer Operating, L.P. 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, its
core operations include 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; and various acquisition and marketing assets.
Energy Transfer Operating, L.P.’s general partner is owned by Energy
Transfer LP (NYSE: ET). For more information, visit the Energy
Transfer website at www.energytransfer.com.
Forward-Looking Statements
Statements in this press release may be forward-looking statements as
defined under federal law. These forward-looking statements rely on a
number of assumptions concerning future events and are subject to a
number of uncertainties and factors, many of which are outside the
control of ET, and a variety of risks that could cause results to differ
materially from those expected by management of ET. ET undertakes no
obligation to update or revise forward-looking statements to reflect
changed assumptions, the occurrence of unanticipated events or changes
to future operating results over time.
The information contained in this press release is available on our
website at www.energytransfer.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181229005008/en/
Source: Energy Transfer LP
Energy Transfer LP
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