Buckeye Partners Closes 'Successful' Open Season for Pipeline Project
Buckeye Partners, L.P. announced that one of its operating subsidiaries, Buckeye Pipe Line Transportation LLC, has successfully closed a binding open season for its Michigan/Ohio Pipeline Expansion Project. Once completed, the project will allow Buckeye Transportation to offer expanded transportation service of refined petroleum products from origin points in Michigan and Ohio to destination points in Ohio and Western Pennsylvania. The open season closed March 31.
Based on the positive commitment from prospective shippers, Buckeye Transportation will move forward with the Project, subject to the necessary approvals required for implementation. Prospective shippers will be notified by April 24 of their awarded commitments, with fully executed Transportation Services Agreements to follow later in the second quarter of 2015. Project completion is scheduled for the second half of 2016.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Buckeye Resumes Operation At Yabucoa, Puerto Rico; Tankers Discharge Fuel (Oct 03)
- Buckeye Targets Normal Operations At Bahamas Oil Terminal On Tuesday (Sep 12)
- Buckeye Partners Shuts Puerto Rico Oil Terminal Ahead Of Hurricane Irma (Sep 06)