Crimson Midstream and MPLX Announce Extension of Binding Open Season for Swordfish Pipeline
Posted: November 29, 2018 | Press Release
LONG BEACH, California, Nov. 29, 2018 – Since the Swordfish Pipeline binding open season was announced on Oct. 17 by Crimson Midstream, LLC and MPLX LP (NYSE: MPLX), the Louisiana Offshore Oil Port LLC (LOOP) terminal facility in Clovelly, Louisiana reports that customer requests concerning its deepwater port export capabilities have risen sharply. In addition, LOOP has stated that the number of vessels loaded can be scaled to meet increasing market demand. To allow prospective shippers sufficient time to evaluate this new information and to account for the holiday season, Crimson and MPLX today announced an extension to a binding open season to continue to assess interest and solicit commitments from prospective shippers for transportation service on the Swordfish Pipeline.
Crimson Midstream and MPLX Announce Binding Open Season for Swordfish Pipeline
Posted: October 17, 2018 | Press Release
LONG BEACH, California, Oct. 17, 2018 – Crimson Midstream, LLC, and MPLX LP (NYSE: MPLX), today announced the commencement of a binding open season to assess interest and solicit commitments from prospective shippers for transportation service on the Swordfish Pipeline.
The Swordfish Pipeline is being jointly developed by Crimson and MPLX to provide connectivity from existing terminal facilities in St. James, Louisiana, and Raceland, Louisiana, to the Louisiana Offshore Oil Port LLC (LOOP) terminal facility in Clovelly, Louisiana. The proposed pipeline would be a multi-diameter batched system with the ability to transport up to 600,000 barrels of crude oil per day and provide shippers with access to storage services, vessel loading, as well as connectivity to other carriers at the Clovelly Hub. The in-service date for the Swordfish Pipeline is anticipated to be in the first half of 2020.