06 September 2011 13:43 [Source: ICIS news]
HOUSTON (ICIS)--Anadarko, Enbridge and ?xml:namespace>
The “Texas Express Pipeline” (TEP), running from Skellytown in
The pipeline’s initial capacity will be about 280,000 bbl/day, with possible expansion to 400,000 bbl/day at a later time, the companies said in a joint statement.
The TEP will supply petrochemical facilities with a reliable source of feedstock, they said.
“Demand for natural gas-derived feedstocks remains strong, driven by the wide spread between crude oil and natural gas prices,” they added.
The plan includes two NGL gathering systems. The first will connect the TEP to natural gas processing plants in the Texas Panhandle and western
Enterprise CEO Michael Creel said the pipeline project will offer a “comprehensive industry solution” for NGL transportation constraints that are limiting access to the large Gulf coast NGL market.
Expected project costs were not disclosed.
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