US Magellan ramping up Longhorn pipeline crude oil shipments

31 October 2013 16:26  [Source: ICIS news]

HOUSTON (ICIS)--Magellan Midstream’s Longhorn pipeline shipped 100,000 bbl/day of crude oil to the Houston market during the third quarter and should average 190,000 bbl/day in the fourth quarter, the US logistics company announced on Thursday.

The pipeline, which Magellan reversed in April to deliver west Texas crude to Houston refineries, will be expanded by 50,000 bbl/day, subject to regulatory approval, and should be used at its full 275,000 bbl/day capacity by mid-2014, the company said as part of its Q3 earnings announcement.

Also, Magellan’s Double Eagle pipeline joint venture has commenced condensate shipments on its eastern leg as of late this month and on its western leg during late August, the company said. The pipeline is capable of moving 100,000 bbl/day of condensate from the Eagle Ford Shale to Corpus Christi, Texas.

By: Jeremy Pafford
+1 713 525 2653

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