Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



U.S. FERC approves EPIC oil pipeline rates, interim service to begin mid-

U.S. energy regulators on Thursday approved the rate structure and terms of service for EPIC Crude Pipeline LP’s new 900,000 barrels per day (bpd) line from the Permian basin to Corpus Christi, Texas.

EPIC plans to provide interim service by mid-2019 and place the line into service during the fourth quarter, according to a filing with the Federal Energy Regulatory Commission (FERC).

FERC granted EPIC’s proposal to provide interim service.

The line will be constructed and placed into service in two phases, including an interim one in which it will lease capacity from an adjacent natural gas liquids (NGL) pipeline, and a secondary mainline construction phase. The interim service will transport crude from Crane, Texas and possibly other points in Texas, to existing terminals in Corpus Christi.

Two segments of the NGL system have been placed into service and the third segment is scheduled to be completed between April and June, the filing said.

Company spokesman Bruce Kates said on Wednesday interim service from Crane to Corpus Christi is expected to begin during the third quarter and that the line was expected to be in permanent service beginning January 2020.

Kates did not immediately respond to a request for comment on Friday.

In January, EPIC sent a letter to FERC saying the projected third-quarter start-up of its crude pipeline was in “some jeopardy” after regulators delayed action on its petition to set initial tariff rates.

The planned EPIC pipeline, stretching from Southeast New Mexico and West Texas to refineries and other destinations in and around Corpus Christi is one of the largest lines currently under construction, and is seen as vital for bringing crude out of the largest oilpatch in the United States.

Regional oil prices in the Permian basin have come under pressure this month as production has continued to climb to fresh peaks and inventories edge higher, market participants said. [CRU/C]

Last year, prices sank to near four-year lows after production outpaced existing pipeline takeaway capacity.

Reporting by Devika Krishna Kumar in New York; Editing by Marguerita Choy


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
China is hosting the 19th International Conference and Exhibition on Liquefied Natural Gas (LNG2019) in Shanghai from 1–5 April—an appropriate choice of host country, given China’s increased appetite for natural gas.
EWAnalysis: Canada comes late to LNG; projects and prospects mixed
- Energy Web Atlas
Canada has abundant natural gas resources.
Executive Viewpoint: BHGE developing technology-driven solutions to reduce total cost of ownership
-Alberto Matucci
While BHGE recently won new orders for LNG projects, the company remains committed to differentiating the business, implementing solutions proven in LNG into other applications of the oil and gas value chain.
Industry Trends: Russia and US go head-to-head over EU gas market
-Eugene Gerden
Lower-cost Russian gas will likely continue to dominate the EU market in the coming years, despite the growth in oil prices, to which Russian gas prices are linked.


A New Approach to Large Medium Voltage Drives

Register Now

By attending this webinar, you will learn the benefits of using a single-channel, Variable Frequency Drive (VFD) solution for applications above 9,000Hp with operating voltages from 11kV to 13.8kV. We will explore a VFD solution that does not require a step-up output transformer but still provides maximum control, environmental and motor flexibility to the end user. We will also discuss how to provide maximum reliability using power cell redundancy and the removal of water cooled components. The topics covered in the webinar include:
•A brief review of the multi-cell M2C topology
•A review of the physical implementation and the advantages it offers to the end user
•A presentation of the various implementations and ratings available for use on typical pump, compressor and fan applications.

May 7, 2019 10:00 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Gulf Publishing Holdings LLC.