Energy Transfer Partners L.P. declares launch of open season for Tiger Pipeline project

Mon. February 23, 2009; Posted: 04:06 AM

Feb 23, 2009 (M2 EQUITYBITES via COMTEX) -- ETP | Quote | Chart | News | PowerRating -- Energy Transfer Partners L.P. (NYSE: ETP), a publicly traded partnership which owns and operates a portfolio of energy assets, announced on 20 February a binding open season to solicit market participation in its Tiger Pipeline project.

The Tiger Pipeline is a new 42-inch interstate natural gas pipeline approximately 180 miles long. It will be connected to the company's dual 42-inch pipeline system near Carthage, Texas, extend through the Haynesville Shale and end near Delhi, Louisiana, with interconnects to at least seven interstate pipelines at various points in Louisiana.

The open season will run from 20 February through to 20 March 2009.

Energy Transfer Partners said that the pipeline is anticipated to have an initial throughput capacity of at least 1.25 billion cubic feet per day, which may be increased to 2.0 billion cubic feet per day based on the results of the open season.

The company's subsidiary, ETC Tiger Pipeline LLC, is seeking binding bids from interested customers for contract terms of 10 years or longer. Chesapeake Energy Marketing Inc has a 15-year commitment with the company for firm transportation capacity of approximately 1.0 billion cubic feet per day.

The Tiger Pipeline is anticipated to be in service in the first half of 2011, subject to regulatory approval.

Comments on this story may be sent to admin@m2.com

For full details on Energy Transfer Pntr Lp (ETP) click here. Energy Transfer Pntr Lp (ETP) has Short Term PowerRatings of 5. Details on Energy Transfer Pntr Lp (ETP) Short Term PowerRatings is available at This Link.

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