Energy Transfer Partners, L.P. ( NYSE: ETP ) announced today that Houston Pipe Line Company LP (“HPL”) and Oasis Pipeline, LP (both wholly owned subsidiaries of ETP), have entered into 15-year agreements with Comisión Federal De Electricidad (“CFE”), the Mexican agency handling Mexico’s electric power needs, to provide transportation services for 930,000 MMBtu of natural gas per day.
To facilitate these agreements, ETP will utilize its existing pipeline infrastructure and will construct a new 24-inch pipeline from HPL's pipeline located near Edinburg, Texas to a new international border crossing near McAllen, Texas (“Edinburg Extension”). Additionally, ETP will construct approximately 51 miles of 36-inch pipe extending from its Robstown pipeline system in Nueces County, Texas to its facilities located in Live Oak County, Texas (“Nueces Crossover”). The Edinburgh Extension and Nueces Crossover are anticipated to be in service during the fourth quarter of this year and first quarter of 2015, respectively.
“We are honored to team with CFE to help them meet the growing demand for natural gas-fired generation in Mexico,” said Roy Patton, Senior Vice President of Commercial Operations for ETP. “ETP’s extensive intrastate pipeline system provides CFE with geographical diversity and flexibility in sourcing its natural gas supplies. In addition to supporting new pipeline infrastructure, these agreements will generate upstream fee-based revenue for ETP’s existing intrastate pipeline network.”
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership owning and operating one of the largest and most diversified portfolios of energy assets in the United States. ETP currently owns and operates approximately 35,000 miles of natural gas and natural gas liquids pipelines. ETP owns 100% of Panhandle Eastern Pipe Line Company, LP (the successor of Southern Union Company) and Sunoco, Inc., and a 70% interest in Lone Star NGL LLC, a joint venture that owns and operates natural gas liquids storage, fractionation and transportation assets. ETP also owns the general partner, 100% of the incentive distribution rights, and approximately 33.5 million common units in Sunoco Logistics Partners L.P. (NYSE: SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. ETP’s general partner is owned by ETE. For more information, visit the Energy Transfer Partners, L.P. web site at www.energytransfer.com.Energy Transfer Equity, L.P. (NYSE: ETE) is a master limited partnership which owns the general partner and 100% of the incentive distribution rights (IDRs) of Energy Transfer Partners, L.P. (NYSE: ETP), approximately 30.8 million ETP common units, and approximately 50.2 million ETP Class H Units, which track 50% of the underlying economics of the general partner interest and IDRs of Sunoco Logistics Partners L.P. (NYSE: SXL). ETE also owns the general partner and 100% of the IDRs of Regency Energy Partners LP (NYSE: RGP) and approximately 26.3 million RGP common units. The Energy Transfer family of companies owns more than 61,000 miles of natural gas, natural gas liquids, refined products, and crude oil pipelines. For more information, visit the Energy Transfer Equity, L.P. web site at www.energytransfer.com. Forward-Looking Statements This press release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
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