Saturday, November 23, 2024

Magellan Midstream Announces Open Season for Potential Expansion of Refined Products Pipeline System to El Paso

Magellan Midstream Partners, L.P.  announced the launch of an open season to assess customer interest in firm pipeline capacity on our refined petroleum products pipeline system from the Houston area to El Paso, Texas. Interested customers must submit binding commitments by 5:00 p.m. Central Time on June 24, 2022.

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The proposed project includes the expansion of a 265-mile pipeline segment between Odessa and El Paso and the use of existing and underutilized pipeline capacity from the Houston area to Odessa. The project would increase Magellan’s capability to transport refined petroleum products, such as gasoline and diesel fuel, from Gulf Coast refineries to El Paso, with further shipper optionality to access markets in New Mexico through Magellan’s pipeline system, as well as Arizona and Mexico via connections to third-party pipelines.

The capital-efficient expansion would increase the capacity of the Odessa-to-El Paso portion of the pipeline by an estimated 15,000 barrels per day (bpd), to a new total capacity of approximately 85,000 bpd. Subject to the results of this open season and receipt of all necessary permits and approvals, the higher capacity could be available by mid-2023 following the addition of incremental pumping capabilities and construction of operational storage at El Paso.

For customer inquiries about the open season, please contact Scott Koors at (918) 574-7071 or scott.koors@magellanlp.com.

About Magellan Midstream Partners, L.P.
Magellan Midstream Partners, L.P. (NYSE: MMP) is a publicly traded partnership that primarily transports, stores and distributes refined petroleum products and crude oil. Magellan owns the longest refined petroleum products pipeline system in the country, with access to nearly 50% of the nation’s refining capacity, and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.

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