ETP Conducts Binding Open Season for Tiger Pipeline Expansion
Energy Transfer Partners announced the start of a binding open season for the expansion of the planned Tiger Pipeline. The initial 2 billion cubic feet per day of capacity on the Tiger Pipeline has been sold out under long-term contracts. Energy Transfer anticipates the expansion could make at least 600 million cubic feet per day of firm transportation capacity available, of which 400 million cubic feet per day has already been subscribed under a ten-year contract. Ultimate capacity of the expansion will be based upon producer response.
Energy Transfer is accepting shipper commitments through Thursday, March 18 at 3:00 p.m. Central Time. The approximately 180-mile, 42-inch Tiger natural gas pipeline, which was announced in January 2009, will serve multiple basins, including the Haynesville Shale and Bossier Shale producing regions in Louisiana and East Texas. Pending necessary regulatory approvals, the Tiger Pipeline is expected to be in service the first half of 2011 and the expansion is expected to be in service the second half of 2011.
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