Pipeline to Provide Takeaway Capacity from the East Texas Carthage Hub Area and the Haynesville Shale Play
DALLAS--(BUSINESS WIRE)--Feb. 20, 2009--
Energy Transfer Partners, L.P. (NYSE:
ETP) today launched a binding open season to solicit market
participation in its recently announced Tiger Pipeline project, an
approximately 180-mile, 42-inch new interstate natural gas pipeline that
will connect to ETP’s dual 42-inch pipeline system near Carthage, Texas,
extend through the Haynesville Shale and end near Delhi, Louisiana, with
interconnects to at least seven interstate pipelines at various points
in Louisiana.
ETC Tiger Pipeline, LLC, a subsidiary of Energy Transfer Partners, is
seeking binding bids from interested customers for contract terms of 10
years or longer. The open season will run from February 20, 2009 through
March 20, 2009. Those interested in obtaining more information on the
open season may contact Luke Fletcher at (210) 403-6492 or luke.fletcher@energytransfer.com,
or Lee Hanse at (210) 403-6455 or lee.hanse@energytransfer.com.
Information is also available at www.energytransfer.com.
The Tiger Pipeline is anticipated to have an initial throughput capacity
of at least 1.25 billion cubic feet per day, which may be increased to
2.0 billion cubic feet per day based on the results of the open season.
ETP has a 15-year commitment from Chesapeake Energy Marketing, Inc. for
firm transportation capacity of approximately 1.0 billion cubic feet per
day.
When completed, the Tiger Pipeline will provide takeaway capacity from
the increasingly constrained Carthage Hub area in East Texas. The
Carthage Hub area receives large volumes of natural gas from several
producing basins in Texas, including the Barnett Shale and Bossier Sands
basins as well as from the Permian Basin in West Texas. The Tiger
Pipeline will also provide takeaway capacity from the rapidly expanding
Haynesville Shale play in East Texas and Northern Louisiana. Subject to
receipt of the necessary regulatory approvals, the Tiger Pipeline is
expected to be in service in the first half of 2011.
Energy Transfer Partners, L.P. (NYSE:ETP)
is a publicly traded partnership owning and operating a diversified
portfolio of energy assets. ETP has pipeline operations in Arizona,
Colorado, Louisiana, New Mexico, and Utah, and owns the largest
intrastate pipeline system in Texas. ETP’s natural gas operations
include intrastate natural gas gathering and transportation pipelines,
natural gas treating and processing assets and three natural gas storage
facilities located in Texas. These assets include approximately 14,600
miles of intrastate pipeline in service, with approximately 250 miles of
intrastate pipeline under construction. In addition, ETP owns 2,450
miles of interstate pipeline in service, with approximately 250 miles of
interstate pipeline under construction. ETP is also one of the three
largest retail marketers of propane in the United States, serving more
than one million customers across the country.
Energy Transfer Equity, L.P. (NYSE:ETE)
is a publicly traded partnership, which owns the general partner of
Energy Transfer Partners, L.P. and approximately 62.5 million ETP
limited partner units.
The information contained in this press release is available on our
website at www.energytransfer.com.
Source: Energy Transfer Partners, L.P.
Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
or
Media
Relations:
Granado Communications Group
Vicki Granado,
214-504-2260
Cell: 214-498-9272