In a separate announcement, Enbridge today announced that it is proceeding with its Gulf Coast Access project, which will transport crude oil from Flanagan, Illinois, south to Cushing via an additional line it will construct, and then to Houston and Port Arthur on the Seaway pipeline system joint venture. Enbridge will also hold a concurrent second open season to provide the opportunity for shippers to subscribe for additional capacity from Flanagan all the way to the Texas Gulf Coast.
“Expansion of the Seaway System, complemented by the addition of capacity on Enbridge’s systems from the Chicago area to Cushing, gives both U.S. and Canadian producers new and timely options to reach the Gulf Coast,” said Patrick D. Daniel, President and Chief Executive Officer, Enbridge Inc.
Enbridge’s $1.15 billion acquisition of an interest in Seaway from ConcocoPhillips closed December 20, 2011. Enterprise and Enbridge each own a 50 percent ownership interest in the pipeline system with Enterprise continuing to serve as operator.
Additional information about the open seasons will be available online at www.seawaypipeline.com beginning January 4, 2012. For commercial inquiries, please contact:
|Bart Moore||Bob Schroeder|
|(713) 381-8267||(405) 239-5738|
|Brad Shamla||Vince Paradis|
|(403) 231-5915||(403) 231-5991|
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