Extension of binding open season for Swordfish Pipeline
Published by Lydia Woellwarth,
Since the Swordfish Pipeline binding open season was announced on 17 October by Crimson Midstream, LLC and MPLX LP, the Louisiana Offshore Oil Port LLC (LOOP) terminal facility in Clovelly, Louisiana, reports that customer requests concerning its deepwater port export capabilities have risen sharply. In addition, LOOP has stated that the number of vessels loaded can be scaled to meet increasing market demand. To allow prospective shippers sufficient time to evaluate this new information and to account for the holiday season, Crimson and MPLX has announced an extension to a binding open season to continue to assess interest and solicit commitments from prospective shippers for transportation service on the Swordfish Pipeline.
The binding open season which began at 8 am CDT on 17 October 2018, will now conclude at noon CST on 31 January 2019.
The Swordfish Pipeline is being jointly developed by Crimson and MPLX to provide connectivity from existing terminal facilities in St. James, Louisiana, and Raceland, Louisiana, to LOOP. The proposed pipeline would be a multi-diameter batched system with the ability to transport up to 600 000 bpd of crude oil and provide shippers with access to storage services, vessel loading, as well as connectivity to other carriers at the Clovelly Hub. The in-service date for the Swordfish Pipeline is anticipated to be in the first half of 2020.
Read the article online at: https://www.worldpipelines.com/business-news/30112018/extension-of-binding-open-season-for-swordfish-pipeline/
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