15 February 2013 15:12 [Source: ICIS news]
HOUSTON (ICIS)--Energy infrastructure firms Enbridge and Energy Transfer said on Friday that the two companies plan to convert existing ?xml:namespace>
The project would, if realised, open the eastern US
The companies said the converted 700-mile pipeline project could have a crude shipping capacity of 420,000 to 660,000 bbl/day - depending on the crude slate and the level of shipper subscriptions.
The project could be in service by 2015, subject to approval by the US Federal Energy Regulatory Commission (FERC).
The crude from
The pipeline project would help solve “critical logistics bottlenecks” in North America by connecting oil reserves from
Enbridge, based in Calgary, Alberta, and Energy Transfer, of Dallas, Texas, would each own 50% of the joint venture. Enbridge's participation in the venture is subject to a minimum level of shipment commitments being obtained in an open season.
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