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Energy Transfer Partners and Regency Energy Partners Announce Early Completion of Lone Star’s Gateway Pipeline



  Energy Transfer Partners and Regency Energy Partners Announce Early
  Completion of Lone Star’s Gateway Pipeline

    NGL Pipeline to Provide Much-Needed Takeaway Capacity from Permian and
                    Delaware Basins to Mont Belvieu, Texas

Business Wire

DALLAS -- December 04, 2012

Energy Transfer Partners, L.P. (NYSE: ETP) and Regency Energy Partners LP
(NYSE: RGP) announced today that the Lone Star West Texas Gateway NGL Pipeline
is now in service. The 570-mile, 16-inch pipeline owned by Lone Star NGL LLC,
a joint venture between the two partnerships, transports natural gas liquids
(NGLs) produced in the Permian and Delaware Basins in West Texas to Mont
Belvieu, Texas. The West Texas Gateway was originally scheduled to be
completed in the first quarter of 2013.

The West Texas Gateway NGL Pipeline, which extends from Winkler County in West
Texas to ETP’s Jackson County processing plant in Jackson County, Texas, has
an initial capacity of approximately 209,000 barrels per day with the
potential to increase capacity.

"The West Texas Gateway is critical in supporting the rapid increase in the
production of natural gas liquids in the Permian Basin and Delaware Basin as
well as throughout the Eagle Ford Shale, where additional NGL takeaway
capacity is in high demand,” said Steve Spaulding, Executive Vice President of
Lone Star NGL. “Furthermore, we believe there will be additional need for more
NGL services in the near future and our West Texas Gateway Pipeline
strategically positions us to quickly and efficiently leverage expansion
opportunities."

ETP also announced today that its 130-mile Justice NGL Pipeline, extending
from the Jackson County processing facility to Mont Belvieu, is also in
service. Lone Star has secured capacity on ETP's Justice NGL pipeline for
ultimate delivery of NGLs to Lone Star’s storage and fractionation facilities
at Mont Belvieu. Lone Star’s previously announced Fractionator I is scheduled
to be completed this year, and Fractionator II in the fourth quarter of 2013.

Lone Star NGL LLC (Lone Star), a joint venture between Energy Transfer
Partners, L.P. (NYSE: ETP) and Regency Energy Partners LP (NYSE: RGP), owns
and operates natural gas liquids storage, fractionation, and transportation
assets in Texas, Louisiana, and Mississippi. Lone Star's assets include
approximately 1,640 miles of natural gas liquids pipelines and 43 million
barrels of storage capacity at Mont Belvieu, Texas. ETP owns and operates a
diversified portfolio of energy assets, including approximately 24,000 miles
of natural gas pipelines and related facilities that gather, treat, process,
transport and store natural gas. RGP provides midstream natural gas and
natural gas liquids gathering and processing, contract compression, treating
and transportation through more than 5,250 miles of gas gathering pipelines
and related facilities. Energy Transfer Equity, L.P. (NYSE: ETE) owns the
general partner of both ETP and RGP.

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 has natural gas operations
that include approximately 24,000 miles of gathering and transportation
pipelines, treating and processing assets, and storage facilities. ETP also
owns general partner interests, 100% of the incentive distribution rights, and
a 32.4% limited partnership interest 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 also holds a 70% interest in Lone Star NGL, a joint
venture that owns and operates natural gas liquids storage, fractionation and
transportation assets in Texas, Louisiana and Mississippi. In addition, ETP
holds controlling interest in a corporation (ETP Holdco Corporation) that owns
Southern Union Company and Sunoco, Inc. ETP’s general partner is owned by ETE.
For more information, visit the Energy Transfer Partners, L.P. website at
www.energytransfer.com.

Regency Energy Partners LP (NYSE: RGP) is a growth-oriented, midstream energy
partnership engaged in the gathering and processing, contract compression,
treating and transportation of natural gas and the transportation,
fractionation and storage of natural gas liquids. RGP also holds a 30%
interest in Lone Star NGL LLC, a joint venture that owns and operates natural
gas liquids storage, fractionation, and transportation assets in Texas,
Louisiana and Mississippi. Regency’s general partner is owned by Energy
Transfer Equity, L.P. (NYSE: ETE). For more information, visit the Regency
Energy Partners LP website at www.regencyenergy.com.

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 managements' control. An extensive list of factors that
can affect future results are discussed in ETP's and RGP's Annual Reports on
Form 10-K and other documents filed from time to time with the Securities and
Exchange Commission. ETP and RGP undertake no obligation to update or revise
any forward-looking statement to reflect new information or events.

The information contained in this press release is available on the Energy
Transfer Partners, L.P. website at www.energytransfer.com or on the Regency
Energy Partners LP website at www.regencyenergy.com.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20121204005558/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50496434&lang=en

Contact:

Investor Relations:
Energy Transfer
Brent Ratliff, 214-981-0700
Vice President, Investor Relations
or
Regency Energy Partners
Lyndsay Hannah, 214-840-5477
Manager, Finance & Investor Relations
or
Media Relations:
Granado Communications Group
Vicki Granado, 214-599-8785
Cell: 214-498-9272
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