Energy Transfer Affiliates to Move Forward with a Gulf Coast LPG Export/Import Project

  Energy Transfer Affiliates to Move Forward with a Gulf Coast LPG
  Export/Import Project

              Shell Signs Long-Term LPG Export/Import Agreements

Business Wire

DALLAS -- May 06, 2013

Sunoco Logistics Partners L.P. (NYSE: SXL), an affiliate of Dallas-based
Energy Transfer Partners, L.P. (NYSE: ETP), and Lone Star NGL LLC, a joint
venture between ETP and Regency Energy Partners LP (NYSE: RGP), announced
today that long-term, fee-based agreements have been executed with Shell
Trading US Company (STUSCO) to move forward with a liquefied petroleum gas
(LPG) export/import project. STUSCO has committed to the project, known as
Mariner South, as an anchor customer.

The Mariner South project will integrate SXL’s existing Nederland Marine
Terminal and pipeline from Mont Belvieu, Texas to Nederland, Texas with Lone
Star’s Mont Belvieu fractionation and storage facilities, creating a world
class LPG export/import operation in the U.S. Gulf Coast. Mariner South will
have an initial capacity of 6 million barrels per month and will be designed
to load LPG carriers with an approximate capacity of 550,000 barrels. The
Mariner South project is expected to be operational in the first quarter of
2015.

The project will utilize Lone Star’s increasing fractionation capacity at Mont
Belvieu as well as construction of a new 100,000 barrel per day de-ethanizer
to convert propane to international specifications. It also will involve the
construction of new refrigerated storage tanks located at the Nederland
Terminal to take deliveries into the LPG vessels. The Nederland Terminal will
provide 24-hour ship access in the Gulf Coast with a load rate of up to 30,000
barrels per hour. The terminal facility includes existing docks and acreage
for future expansion. The project can be expanded to handle additional volumes
of products.

“The development of this world class Gulf Coast LPG operation is in response
to continued growth in North American NGL production and international demand
for LPG supplies,” said Steve Spaulding, Executive Vice President of Lone Star
NGL. “We are very pleased to have Shell on board as an anchor customer. The
Mariner South project is a clear example of the value created from the
synergies between Sunoco Logistics and Lone Star assets.”

“By working together, Lone Star and Sunoco Logistics will provide an expedited
solution to meet the growing customer demand for LPG exports from the Gulf
Coast,” said Mike Hennigan, President and Chief Executive Officer of Sunoco
Logistics. “The Mariner South project builds on the Mariner project franchise
we have established in the Northeast to provide comprehensive takeaway
solutions for our growing customer base as a direct result of increased shale
production.”

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).
For more information, visit Sunoco Logistics Partners L.P. web site at
www.sunocologistics.com.

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. ETP owns and operates a diversified portfolio
of energy assets, including approximately 62,000 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 7,300 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 62,000 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
approximately 33.5 million limited partner units 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. ETP owns 100% of
ETP Holdco, which 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. web site 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 web site atwww.regencyenergy.com.

Forward-Looking Statements

Certain information provided in this news release constitutes forward-looking
statements. The words "anticipate," "expect," "project," "estimate,"
"forecast" and similar expressions are intended to identify such
forward-looking statements. Although Energy Transfer, Regency, Sunoco
Logistics and Lone Star NGL (collectively, the “Companies”) believe that these
statements are based on information and assumptions which are current,
reasonable and complete, these statements are necessarily subject to a variety
of risks and uncertainties pertaining to operating performance, regulatory
parameters, weather, economic conditions and commodity prices. You can find a
discussion of those risks and uncertainties in filings made by Energy
Transfer, Regency and Sunoco Logistics with the Securities and Exchange
Commission. While the Companies make these forward-looking statements in good
faith, should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
significantly from those expected. Except as may be required by applicable
securities laws, none of the Companies assumes any obligation to publicly
update or revise any forward-looking statements made herein or otherwise,
whether as a result of new information, future events or otherwise. Please
visit www.energytransfer.com, www.regencyenergy.com or www.sunocologistics.com
for more information.

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Contact:

Sunoco Logistics Partners:
Investors
Pete Gvazdauskas, 215-977-6322
or
Media
Joseph McGinn, 215-977-3237
or
Energy Transfer Partners/Lone Star:
Investors
Brent Ratliff, 214-981-0700
or
Media
Vicki Granado, 214-599-8785
or
Regency Energy Partners/Lone Star:
Investors
Lyndsay Hannah, 214-840-5477
or
Media
Vicki Granado, 214-599-8785
 
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