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Report Finds that ETP's Bayou Bridge Pipeline Project will Generate More than $800 Million in New Economic Activity for Louisiana in 2017

LSU Center for Energy Studies, February 9, 2017

LSU's Center for Energy Studies (CES) has released its findings from a study commissioned by Energy Transfer Partners on the economic impact the Bayou Bridge Pipeline expansion project would have on the local community. In its report, the CES found that the project will create significant economic benefits for Louisiana during both the construction and operations into the future. The report notes the project is estimated to generate more than $829 million in new economic activity in 2017; more than 4,000 jobs and over $400 million in new wages. Project construction is estimated to generate almost $56 million in state and local tax revenues. The Bayou Bridge Pipeline is comprised of 162 miles of 24-inch pipe and will require a $488 million capital investment, $471 million of which will be directly tied to Louisiana.  The Bayou Bridge Pipeline will connect key Louisiana refining operations with new and diverse sources of American energy production. The project will link other pipelines that are part of the more than 2 million miles of infrastructure in the U.S. and the major Midwest and Gulf Coast crude oil hubs to bring crude to the St. James hub in Louisiana.

The Bayou Bridge Pipeline will help expand Louisiana’s energy economy by creating jobs and leveraging existing in-state energy infrastructure such as refineries, processing and storage assets,” said Professor David Dismukes. “When completed, the Bayou Bridge Pipeline will further diversify Louisiana’s crude oil supplies and provide new growth in both the immediate and long-terms.”

To read the full report, click HERE.

 


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