Seaway to extend open season
Published by Aimee Knight,
Seaway Crude Pipeline Company LLC (Seaway) has announced an extension of a binding open season currently under way for committed service on expansion capacity of its system originating in Cushing, Oklahoma and extending to the Texas Gulf Coast.
The open season, which began 16 December 2019 with the intent to close on 14 February 2020, is being extended to allow interested shippers to complete internal review processes. Seaway is also considering shipper feedback on the open season terms and may adapt the terms to allow for the inclusion of additional crude types, among other modifications. Seaway will promptly inform all interested shippers with open season documents of any changes, as well as provide notice 30 days prior to the new close.
The cost-efficient expansion would debottleneck and optimise the system, principally through pump upgrades. The expansion could provide an incremental 200 000 bpd, or more, of crude oil capacity and include further quality enhancements in the segregation of heavy and light crude shipments. Further capacity expansion is possible, depending on customer demand. Up to 100 000 bpd of initial crude expansion capacity could be available beginning in the second half of 2020, with the expansion in full service in 2022. The final capacity for committed and uncommitted service would be determined during the open season.
Seaway Crude Pipeline Company LLC is a wholly owned subsidiary of Seaway Crude Holdings LLC, which is a 50/50 joint venture owned by affiliates of Enterprise Products Partners L.P. and Enbridge Inc.
Read the article online at: https://www.worldpipelines.com/business-news/12022020/seaway-to-extend-open-season/
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