Sunoco Logistics Partners L.P. to Move Forward with Mariner South Pipeline

Sunoco Logistics Partners L.P. to Move Forward with Mariner South Pipeline

PHILADELPHIA--(BUSINESS WIRE)-- Sunoco Logistics Partners L.P. (NYS: SXL) , today announced that it has received enough binding commitments to enable its Mariner South Pipeline to proceed as planned. The Mariner South Pipeline will transport export grade propane and butane from Lone Star NGL LLC's storage and fractionation complex in Mont Belvieu, Texas to Sunoco Logistics' terminal in Nederland, Texas. Although sufficient commitments have been received for this project to move forward, the binding open season period will remain open to solicit additional shipper interest.

As previously announced, in addition to export grade propane and butane, the pipeline will be available for other natural gas liquids and petroleum products depending on shipper interest. The pipeline is anticipated to have an initial capacity to transport approximately 200,000 barrels per day and can be scaled to support higher volumes as needed. The pipeline is expected to be operational in the first quarter of 2015.


Sunoco Logistics Partners L.P. (NYS: SXL) , headquartered in Philadelphia, is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil & refined product pipeline, terminalling, and acquisition & marketing assets. SXL's general partner is owned by Energy Transfer Partners, L.P. (NYS: ETP) .

Lone Star NGL LLC (Lone Star), a joint venture between Energy Transfer Partners, L.P. (NYSE:ETP) and Regency Energy Partners LP (NYS: RGP) , owns and operates natural gas liquids storage, fractionation, and transportation assets in Texas, Louisiana, and Mississippi. Lone Star's assets include approximately 2,000 miles of natural gas liquids pipelines and 47 million barrels of storage capacity at Mont Belvieu, Texas. Energy Transfer Equity, L.P. (NYSE:ETE) owns the general partner of both ETP and RGP.



Sunoco Logistics Partners L.P.
Pete Gvazdauskas (investors) 215-977-6322
or
Joseph McGinn (media) 215-977-3237

KEYWORDS:   United States  North America  Pennsylvania  Texas

INDUSTRY KEYWORDS:

The article Sunoco Logistics Partners L.P. to Move Forward with Mariner South Pipeline originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.


Increase your money and finance knowledge from home

Behavioral Finance

Why do investors make the decisions that they do?

View Course »

Introduction to Preferred Shares

Learn the difference between preferred and common shares.

View Course »

Add a Comment

*0 / 3000 Character Maximum