Enterprise Announces Gulf Coast Ethane Pipeline

  Enterprise Announces Gulf Coast Ethane Pipeline

Business Wire

HOUSTON -- March 12, 2013

Enterprise Products Partners L.P. (NYSE:EPD) announced today that it has
received transportation commitments to support development of a new 270-mile
pipeline header system that will deliver ethane to petrochemical plants in the
U.S. Gulf Coast region. As designed, the Enterprise Aegis Pipeline (“Aegis”)
will originate at Enterprise’s Mont Belvieu, Texas liquids storage complex and
have the capacity to transport purity ethane to multiple petrochemical
facilities in Texas and Louisiana. The final design, including capacity and
delivery points, will be determined once any further binding commitments are
received at the conclusion of the project’s open commitment period.

“The willingness of shippers to make long-term commitments provides us with
the assurance necessary to build the midstream infrastructure that will
facilitate additional consumption of domestically produced ethane,” said A. J.
“Jim” Teague, chief operating officer of Enterprise’s general partner.
“Enterprise’s Mont Belvieu storage facilities, which have extensive receipt
and delivery capacities for natural gas liquids (“NGL”), will support the
Aegis pipeline with sufficient and reliable supplies of ethane. Aegis will
provide the distribution network necessary for producers from basins across
the country to access growing petrochemical demand. Demand for
price-advantaged ethane feedstock within the Gulf Coast petrochemical market
is over 1 million BPD and continues to increase.”

To determine additional shipper interest in the project, Enterprise is
conducting an open commitment period that begins today at 9 a.m. CDT and will
close Tuesday, April 9, 2013 at 5 p.m. CDT. For commercial inquiries or
additional information related to the open commitment period, please contact
Russ Kovin at (713) 381-7925 or rkovin@eprod.com.

Aegis will also serve as an economic driver for the communities in which it
will be located. This project is expected to directly create approximately
1,500 jobs during construction, which will increase the need for local goods
and services and generate incremental state and local tax revenue. This is in
addition to the jobs generated by the new and expanded ethylene plants in the
United States Gulf Coast. Aegis is expected to begin commercial operations in
2014.

Enterprise Products Partners L.P. is one of the largest publicly traded
partnerships and a leading North American provider of midstream energy
services to producers and consumers of natural gas, NGLs, crude oil, refined
products and petrochemicals. Our services include: natural gas gathering,
treating, processing, transportation and storage; NGL transportation,
fractionation, storage, and import and export terminals; crude oil and refined
products transportation, storage and terminals; offshore production platforms;
petrochemical transportation and services; and a marine transportation
business that operates primarily on the United States inland and Intracoastal
Waterway systems and in the Gulf of Mexico. The partnership’s assets include
approximately 50,000 miles of onshore and offshore pipelines; 200 million
barrels of storage capacity for NGLs, crude oil, refined products and
petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

This press release includes “forward-looking statements” as defined by the
Securities and Exchange Commission. All statements, other than statements of
historical fact, included herein that address activities, events, developments
or transactions that Enterprise expects, believes or anticipates will or may
occur in the future, including anticipated benefits and other aspects of such
activities, events, developments or transactions, are forward-looking
statements. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially, including
required approvals by regulatory agencies, the possibility that the
anticipated benefits from such activities, events, developments or
transactions cannot be fully realized, the possibility that costs or
difficulties related thereto will be greater than expected, the impact of
competition and other risk factors included in the reports filed with the
Securities and Exchange Commission by Enterprise. Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as
of their dates. Except as required by law, Enterprise does not intend to
update or revise its forward-looking statements, whether as a result of new
information, future events or otherwise.

Contact:

Enterprise Products Partners L.P.
Randy Burkhalter, 713-381-6812 or 866-230-0745
Investor Relations
or
Rick Rainey, 713-381-3635
Media Relations
 
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