Enterprise Completes Expansion of Acadian Haynesville Extension
31 Maio 2023 - 9:00AM
Business Wire
Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”)
today announced the completion of an expansion of its Acadian
Haynesville Extension natural gas pipeline, the first of $3.8
billion of organic growth capital projects that are scheduled to be
completed and begin service in 2023. This expansion adds
approximately 400 million cubic feet per day of Haynesville natural
gas takeaway capacity to meet growing industrial demand in the
Mississippi River Corridor and supports the Louisiana liquefied
natural gas (“LNG”) export market.
The expansion project added compression, increasing total
natural gas transportation capacity on the Acadian Haynesville
Extension from approximately 2.1 billion cubic feet per day
(“Bcf/d”) to 2.5 Bcf/d. This expansion is underwritten by
long-term, take-or-pay contracts with credit-worthy customers.
“The expansion of the Acadian Haynesville Extension provides
Haynesville producers with incremental natural gas takeaway
capacity and provides additional supply to existing and new
industrial developments in the Mississippi River Corridor and the
growing Louisiana LNG export market,” said Natalie K. Gayden,
senior vice president of Enterprise’s natural gas business.
“Importantly, at a time when it is so challenging to get energy
infrastructure projects approved and permitted, this project adds
the energy infrastructure necessary to deliver abundant, reliable
and affordable natural gas to both domestic and international
markets in today’s evolving geopolitical landscape.”
A. J. “Jim” Teague, co-chief executive officer of Enterprise’s
general partner, added, “We are pleased to complete this timely
expansion of the Acadian natural gas pipeline system to meet the
needs of producers and consumers. For Enterprise, 2023 is a
significant year in terms of the magnitude of $3.8 billion of major
growth projects completing construction, beginning operations and
generating new sources of cash flow. These projects provide
visibility to cash flow growth that will support future
distribution increases to our limited partners.”
Other major growth capital projects scheduled for completion in
2023 include: Enterprise’s second propane dehydrogenation facility
(“PDH 2”) during the second quarter; the NGL fractionator 12 in
Chambers County, Texas and the Poseidon natural gas processing
plant in the Midland Basin during the third quarter; and the
Mentone II natural gas processing plant in the Delaware Basin, as
well as the first phase of the Texas Western Products system, in
the fourth quarter.
Enterprise Products Partners L.P. is one of the largest publicly
traded partnerships and a leading North American provider of
midstream energy services to producers and consumers of natural
gas, NGLs, crude oil, refined products and petrochemicals. Services
include: natural gas gathering, treating, processing,
transportation and storage; NGL transportation, fractionation,
storage and marine terminals; crude oil gathering, transportation,
storage and marine terminals; petrochemical and refined products
production, transportation, storage, and marine terminals and
related services; and a marine transportation business that
operates on key U.S. inland and intracoastal waterway systems. The
partnership’s assets include more than 50,000 miles of pipelines;
over 260 million barrels of storage capacity for NGLs, crude oil,
refined products and petrochemicals; and 14 billion cubic feet of
natural gas storage capacity. Please visit
www.enterpriseproducts.com for more information.
This press release includes “forward-looking statements” as
defined by the Securities and Exchange Commission. All statements,
other than statements of historical fact, included herein that
address activities, events, developments or transactions that
Enterprise and its general partner expect, believe or anticipate
will or may occur in the future are forward-looking statements.
These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from expectations, including required approvals by regulatory
agencies, the possibility that the anticipated benefits from such
activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related
thereto will be greater than expected, the impact of competition,
and other risk factors included in Enterprise’s reports filed with
the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which
speak only as of their dates. Except as required by law, Enterprise
does not intend to update or revise its forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230531005287/en/
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866)
230-0745 Rick Rainey, Media Relations (713) 381-3635
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