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Transactions - NOVEMBER 6, 2019

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Seaway Crude Pipeline Co. to launch open season

by Kali Persall

Seaway Crude Pipeline Co., a 50/50 joint venture owned by affiliates of Enterprise Products Partners and Enbridge, has unveiled plans to hold an open season to gauge shipper support for a crude oil capacity expansion project.

The project would expand its existing system, which begins in Cushing, Okla., and extends to the Texas Gulf Coast area. The Seaway system also includes a terminal and distribution network originating in Texas City, Texas, which serves refineries locally and in the Houston area, and dock facilities at Freeport and Texas City.

The expansion is expected to provide an incremental 200,000 barrels per day of light crude capacity and optimize the system, primarily through pump upgrades. Seaway is targeting $1.25 per barrel for light crude oil pipeline transportation from Cushing to the Gulf Coast.

According to Seaway, the final capacity for committed and uncommitted service would be determined during the open season.

Initial expansion capac

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