Enterprise Signs Addl. Commitment For Aegis Ethane Pipeline

(RTTNews) - Enterprise Products Partners L.P. (EPD), a provider of midstream energy services, on Wednesday said it has executed a long-term agreement for incremental ethane transportation capacity on the partnership's Aegis pipeline.

With this agreement, total capacity commitments for the Aegis pipeline will ramp up over the next four years to more than 300,000 barrels per day, the partnership said.

The Aegis pipeline, which originates at Enterprise's natural gas liquids fractionation and storage complex in Mont Belvieu, Texas, extends 270 miles to Napoleonville, Louisiana. The initial 60-mile segment between Mont Belvieu and Beaumont, Texas began service in September of 2014. The remaining portion is scheduled for completion by the end of 2015. Capacity on the pipeline can be expanded to about 400,000 BPD.

When completed, Aegis will be part of a 500-mile ethane header system stretching from Corpus Christi, Texas to the Mississippi River. This header system will serve as a major ethane supply artery for more than 20 petrochemical facilities expected to represent over 90 percent of domestic ethylene production capacity by 2020.