ETP Launches Open Season for Tiger Pipeline Project
Energy Transfer Partners, L.P. launched a binding open season to solicit market participation in its recently announced Tiger Pipeline project, an approximately 180-mile, 42-inch new interstate natural gas pipeline that will connect to ETP's dual 42-inch pipeline system near Carthage, Texas, extend through the Haynesville Shale and end near Delhi, Louisiana, with interconnects to at least seven interstate pipelines at various points in Louisiana.
ETC Tiger Pipeline, LLC, a subsidiary of Energy Transfer Partners, is seeking binding bids from interested customers for contract terms of 10 years or longer. The open season will run from February 20, 2009 through March 20, 2009. Those interested in obtaining more information on the open season may contact Luke Fletcher at (210) 403-6492 or email@example.com, or Lee Hanse at (210) 403-6455 or firstname.lastname@example.org. Information is also available at www.energytransfer.com.
The Tiger Pipeline is anticipated to have an initial throughput capacity of at least 1.25 billion cubic feet per day, which may be increased to 2.0 billion cubic feet per day based on the results of the open season. ETP has a 15-year commitment from Chesapeake Energy Marketing, Inc. for firm transportation capacity of approximately 1.0 billion cubic feet per day.
When completed, the Tiger Pipeline will provide takeaway capacity from the increasingly constrained Carthage Hub area in East Texas. The Carthage Hub area receives large volumes of natural gas from several producing basins in Texas, including the Barnett Shale and Bossier Sands basins as well as from the Permian Basin in West Texas. The Tiger Pipeline will also provide takeaway capacity from the rapidly expanding Haynesville Shale play in East Texas and Northern Louisiana. Subject to receipt of the necessary regulatory approvals, the Tiger Pipeline is expected to be in service in the first half of 2011.
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