Pipeline operator Enterprise Products Partners LP signed long-term agreements wi...
All the projects aim to carry rising shale production from the Permian Basin of West Texas and New Mexico to overseas markets. A total of 2.3 million additional barrels per day of shale is expected to reach the U.S. Gulf Coast in the next year as volumes rise and new pipelines begin operation.
The value of the agreements was not disclosed. Enterprise is due to release its second-quarter results on Wednesday and could provide more details then, spokesman Rick Rainey said. SPOT is planned for a site in 115 feet of water, about 40 miles off the coast of Houston. Up to two very large crude carriers could moor at the site and load up to 2 million barrels per day.
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