MPLX LP has announced that its subsidiary, Marathon Pipe Line LLC (MPL), has completed a successful binding open season for the expansion of the Wood River-to-Patoka pipeline.
Having obtained strong interest from prospective shippers, MPL will continue with plans to increase the capacity of the pipeline by 130 000 bpd. The expansion will provide additional capacity for Mid-continent crude movements to Midwest markets via Patoka, Illinois, a large hub for crude oil storage and distribution.
"We are very pleased with the strong shipper interest in our Wood River-to-Patoka expansion project," MPLX President, Michael J. Hennigan, said. "The increased capacity of this system, expected to be completed by the second quarter of 2018, will provide additional throughput and revenue opportunities for MPLX. Likewise, it is expected to contribute to continued growth in the partnership's distributable cash flow.
"This expansion project is another example of investment that provides expanded crude optionality for shippers, including our sponsor Marathon Petroleum Corp., and adds to MPLX's growth in long-term earnings,"
The binding open season began on 1 August 2017, and concluded on 31 August 2017.
Read the article online at: https://www.worldpipelines.com/business-news/19092017/mplx-completes-open-season-on-wood-river-to-patoka-pipeline/
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