Enterprise announces pipeline transportation, storage and marine services agreements with Chevron
Published by Aimee Knight,
Editorial Assistant
World Pipelines,
Enterprise Products Partners L.P. (‘Enterprise’) and Chevron U.S.A. Inc. (CUSA), a wholly-owned subsidiary of Chevron Corporation, has announced the execution of long-term agreements for crude oil transportation, storage and marine terminal services. This suite of agreements, together with other customer agreements, support expansion of Enterprise’s crude oil system from the Permian Basin to Enterprise’s ECHO terminal in Houston, Texas.
“These agreements support our Permian offtake strategy by providing greater takeaway capacity for our increasing Permian production,” said George Wall, President of Chevron Supply and Trading, a division of CUSA. “As our production scales up, we will have the means to get those energy resources to the market.”
These agreements also provide for storage at the ECHO terminal in Houston. The terminal has a total capacity of 8.3 million bbls and connects to all refiners in Houston, Pasadena, Texas City and Beaumont/Port Arthur. ECHO is among three integrated delivery points for NYMEX’s HCL crude oil futures contract.
“We are pleased to provide one of the premier Permian producers with transportation, terminal and storage services,” said A.J. “Jim” Teague, Chief Executive Officer of Enterprise’s general partner.
Read the article online at: https://www.worldpipelines.com/business-news/31072019/enterprise-announces-pipeline-transportation-storage-and-marine-services-agreements-with-chevron/
You might also like
The World Pipelines Podcast
Juan Caballero, Chair of the AMPP Board of Directors, talks about AMPP’s global efforts to prevent corrosion and to protect assets, offering insight into how the association listens to its members and serves the pipeline industry.
Listen for free today at www.worldpipelines.com/podcasts or subscribe and review on your favourite podcast app.
Qapqa have signed a contract for the supply of automatic welding equipment and services
Qapqa have signed a contract for the supply of automatic welding equipment and services with A-HAK Pijpleidingen Saudi for ARAMCO’s Master Gas System-3 Project.
