Energy Transfer, Regency Energy to build 530-mile NGL pipeline in Texas

22 June 2011 14:44  [Source: ICIS news]

HOUSTON (ICIS)--US firms Energy Transfer and Regency Energy plan to build a 530-mile natural gas liquids (NGL) pipeline from the Permian Basin in west Texas to a processing plant in Jackson County, southwest of Houston, they said on Wednesday.

The project comes amid "a dramatic increase" in drilling in the Permian Basin, which prompted the need for additional NGL takeaway capacity from west Texas, the companies added.

The pipeline will cost about $700m (€483m) and have a minimum capacity of about 130,000 bbl/day, with completion expected by the first quarter of 2013.

The project will be undertaken by the companies’ joint venture, Lone Star NGL, Energy Transfer and Regency Energy said.

The Lone Star joint venture owns and operates natural gas liquids storage, fractionation, and transportation assets in Texas, Louisiana, and Mississippi.

($1 = €0.69)

By: Stefan Baumgarten
+1 713 525 2653

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