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Magellan Midstream and TransMontaigne Considering Building a New South Texas Pipeline

Magellan Midstream, April 6, 2016

Magellan Midstream Partners, L.P. and TransMontaigne Partners L.P. recently announced they are jointly assessing the development of a new refined products pipeline in South Texas. 

The potential project would include construction of an approximately 150-mile, 16-inch diameter pipeline capable of transporting 150,000 barrels per day (bpd) of gasoline, diesel fuel, propane and condensate from Magellan’s Corpus Christi, Texas terminal to TransMontaigne’s Brownsville, Texas terminal to meet market demand in Brownsville and other South Texas markets, or for ultimate delivery to Mexico via truck, rail or connections to pipelines owned by TransMontaigne and third parties. If warranted by additional demand, the pipeline capacity could be expanded to 250,000 bpd.

Subject to receipt of necessary permits, regulatory approvals and sufficient customer demand, the potential pipeline could be operational by the end of 2018.

 

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 95 million barrels of petroleum products such as gasoline, diesel fuel and crude oil. More information is available at www.magellanlp.com.     

About TransMontaigne Partners L.P.

TransMontaigne Partners L.P. (NYSE: TLP) is a terminaling and transportation company based in Denver, Colorado with operations primarily in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers and in the Southeast. TransMontaigne provides integrated terminaling, storage, transportation and related services for customers engaged in the distribution and marketing of light refined petroleum products, heavy refined petroleum products, crude oil, chemicals, fertilizers and other liquid products. TransMontaigne does not purchase or market products that they handle or transport. More information is available at www.transmontaignepartners.com.

 


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