US Magellan extends open season on refined products pipeline

14 October 2013 18:39  [Source: ICIS news]

HOUSTON (ICIS)--Magellan Midstream has extended its open season to assess interest in a possible refined petroleum products pipeline in Arkansas, the US pipeline company said on Monday.

Interested customers have until 17:00 Central time (23:00 GMT) on 4 November to submit binding commitments. Originally, customers had until 16 October to make their bids.

Magellan’s terminal is in Fort Smith, Arkansas, about 160 miles to Little Rock, giving the state capital access to refined products from Midwest and Gulf Coast refineries, the company said.

If the open season garners sufficient interest and subsequent permits and regulatory approvals are obtained, the pipeline could be operational by the third quarter of 2015, Magellan said.

By: Jeremy Pafford
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