Sunoco Logistics Partners L.P. to Move Forward with Mariner South Pipeline
PHILADELPHIA -- May 06, 2013
Sunoco Logistics Partners L.P. (NYSE: SXL), today announced that it has
received enough binding commitments to enable its Mariner South Pipeline to
proceed as planned. The Mariner South Pipeline will transport export grade
propane and butane from Lone Star NGL LLC’s storage and fractionation complex
in Mont Belvieu, Texas to Sunoco Logistics’ terminal in Nederland, Texas.
Although sufficient commitments have been received for this project to move
forward, the binding open season period will remain open to solicit additional
As previously announced, in addition to export grade propane and butane, the
pipeline will be available for other natural gas liquids and petroleum
products depending on shipper interest. The pipeline is anticipated to have an
initial capacity to transport approximately 200,000 barrels per day and can be
scaled to support higher volumes as needed. The pipeline is expected to be
operational in the first quarter of 2015.
Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is
a master limited partnership that owns and operates a logistics business
consisting of a geographically diverse portfolio of complementary crude oil &
refined product pipeline, terminalling, and acquisition & marketing assets.
SXL’s general partner is owned by Energy Transfer Partners, L.P. (NYSE: ETP).
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
2,000 miles of natural gas liquids pipelines and 47 million barrels of storage
capacity at Mont Belvieu, Texas. Energy Transfer Equity, L.P. (NYSE:ETE) owns
the general partner of both ETP and RGP.
Sunoco Logistics Partners L.P.
Pete Gvazdauskas (investors) 215-977-6322
Joseph McGinn (media) 215-977-3237
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