Energy Transfer Partners Announces Pipeline Project Connecting Marcellus and Utica Shale Supplies to Multiple Markets

  Energy Transfer Partners Announces Pipeline Project Connecting Marcellus and
  Utica Shale Supplies to Multiple Markets

   Significant long-term binding shipper commitments secured to support the

                Open Season Launched to Finalize Project Scope

Business Wire

DALLAS -- June 26, 2014

Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its Board of
Directors has approved building a pipeline to transport natural gas from
processing facilities located in the prolific Marcellus and Utica Shale areas
to numerous market regions in the United States and Canada. In conjunction
with this announcement, ETP is announcing it has signed long-term agreements
with multiple shippers and is launching a binding Open Season.

The natural gas pipeline is currently sized to transport 2.2 billion cubic
feet per day, however, depending on additional shipper commitments, the
project likely will be expanded to transport up to 3.25 billion cubic feet per
day. ETP has secured capacity commitments from producers who hold significant
acreage positions in the Utica and Marcellus Shales and has been in
negotiations with numerous other shippers who have expressed a desire to
contract for capacity in the Open Season. The three largest shippers on the
project are American Energy – Utica, LLC (AEU), Antero Resources Corporation
(NYSE:AR) and Range Resources Corporation (NYSE:RRC). American Energy and
Antero Resources both have options to purchase non-operating equity interests
in the project.

The first approximately 400 miles of the project will enable the flow of gas
from processing plants and interconnections in Pennsylvania, West Virginia and
Ohio to points of interconnection with Energy Transfer’s existing Panhandle
Eastern Pipe Line (PEPL) and another Midwest pipeline near Defiance, Ohio.
Shippers in the ET Rover project also will be able to transport to Trunkline
Zone 1A, delivery points via the interconnection with PEPL, to access existing
and new industrial markets and potential liquefaction export markets in the
Gulf Coast. Additionally, ETP expects to construct an approximately 195-mile
segment from the Defiance area through Michigan and ultimately to the Union
Gas Dawn Hub (Dawn) near Sarnia, Canada providing producers with access to
diverse markets and end-users in Michigan and Canada with access to Marcellus
and Utica supplies. Energy Transfer has received sufficient commitments and
Board Approval to build the pipeline to Defiance and anticipates receiving
sufficient volumes to justify building to Dawn.

ETP’s binding Open Season for shippers to secure capacity on the ETP pipeline
will begin tomorrow at 9:00 AM CDT. Pending the results of the Open Season and
all necessary regulatory approvals, Energy Transfer plans to have initial
service to the Midwest Hub located near Defiance, Ohio and Gulf Coast markets
by the fourth quarter of 2016, and the remaining service to markets in
Michigan and Canada by the second quarter of 2017.

For commercial inquiries about the natural gas pipeline project, please

Beth Hickey

Terry Reilly

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 owns and operates
approximately 35,000 miles of natural gas and natural gas liquids pipelines.
ETP owns 100% of Panhandle Eastern Pipe Line Company, LP (the successor of
Southern Union Company) and Sunoco, Inc., and a 70% interest in Lone Star NGL
LLC, a joint venture that owns and operates natural gas liquids storage,
fractionation and transportation assets. ETP also owns the general partner,
100% of the incentive distribution rights, and approximately 33.5 million
common 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’s general
partner is owned by ETE. For more information, visit the Energy Transfer
Partners, L.P. web site at

Energy Transfer Equity, L.P. (NYSE: ETE) is a master limited partnership which
owns the general partner and 100% of the incentive distribution rights (IDRs)
of Energy Transfer Partners, L.P. (NYSE: ETP), approximately 30.8 million ETP
common units, and approximately 50.2 million ETP Class H Units, which track
50% of the underlying economics of the general partner interest and IDRs of
Sunoco Logistics Partners L.P. (NYSE: SXL). ETE also owns the general partner
and 100% of the IDRs of Regency Energy Partners LP (NYSE: RGP) and
approximately 40.7 million RGP common units. The Energy Transfer family of
companies owns more than 61,000 miles of natural gas, natural gas liquids,
refined products, and crude oil pipelines. For more information, visit the
Energy Transfer Equity, L.P. web site at

Forward-Looking Statements

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 management’s control. An extensive list of factors that
can affect future results are discussed in the Partnership’s Annual Report on
Form 10-K and other documents filed from time to time with the Securities and
Exchange Commission. The Partnership undertakes 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 our website at


Investor Relations:
Energy Transfer Partners, L.P.
Brent Ratliff, 214-981-0700
Media Relations:
Granado Communications Group
Vicki Granado, 214-599-8785
Cell: 214-498-9272
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