HOUSTON--(BUSINESS WIRE)--Aug. 31, 2017--
Enterprise Products Partners L.P. (NYSE: EPD) announced today that while
the partnership sustained minor damage to its assets on the U.S. Gulf
Coast, due to the cumulative effects of the impacts of Hurricane Harvey,
Enterprise is evaluating the potential curtailment of natural gas liquid
(“NGL”) fractionation and storage services at its Mont Belvieu complex.
The impacts from Hurricane Harvey include, but are not limited to, the
limitation of critical services provided by third parties, such as
nitrogen supplies, flooding, and access to facilities. These impacts are
exacerbated by the disruptions to energy demand caused by Hurricane
Harvey's effects on refineries and petrochemical facilities on the U.S.
Gulf Coast and the closure of all ports on the Texas Gulf Coast, which
limit access to export markets.
The cumulative effect of these issues has caused brine containment
issues and a reduction of fractionation capacity at Enterprise's Mont
Belvieu complex. As a result, without relief from these difficulties,
Enterprise is evaluating the curtailment of NGL fractionation and
storage services. Enterprise will provide a periodic update of this
situation as factors warrant.
Enterprise Products Partners L.P. is one of the largest publicly traded
partnerships and a leading North American provider of midstream energy
services to producers and consumers of natural gas, NGLs, crude oil,
refined products and petrochemicals. Our services include: natural gas
gathering, treating, processing, transportation and storage; NGL
transportation, fractionation, storage and import and export terminals;
crude oil gathering, transportation, storage and terminals;
petrochemical and refined products transportation, storage and
terminals; and a marine transportation business that operates primarily
on the United States inland and Intracoastal Waterway systems. The
partnership’s assets include approximately 50,000 miles of pipelines;
260 million barrels of storage capacity for NGLs, crude oil, refined
products and petrochemicals; and 14 billion cubic feet of natural gas
This press release includes “forward-looking statements” as defined
by the Securities and Exchange Commission. All statements, other than
statements of historical fact, included herein that address activities,
events, developments or transactions that Enterprise and its general
partner expect, believe or anticipate will or may occur in the future
are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially from expectations, including required approvals by
regulatory agencies, the possibility that the anticipated benefits from
such activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related thereto
will be greater than expected, the impact of competition, and other risk
factors included in Enterprise’s reports filed with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of their dates.
Except as required by law, Enterprise does not intend to update or
revise its forward-looking statements, whether as a result of new
information, future events or otherwise.
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Source: Enterprise Products Partners L.P.
Enterprise Products Partners L.P.
Randy Burkhalter, (713)
381-6812 or (866) 230-0745
Rainey, (713) 381-3635