During its 1Q 2018 ETP provided some update on its new pipeline.
"We are also making significant progress with our new 30-inch crude pipeline from Midland to Nederland, which will now have extensions to more road in the Houston ship channel. We're developing an agreement with a strategic partner.
The project is expected to initially transport up to 600,000 barrels per day of capacity, easily expandable to 1 million barrels per day. This new pipeline will provide unprecedented flexibility to the expansive ship channel markets, as well as to significant markets in refinery corridor in the Nederland/Beaumont areas. It will also provide shipper capacity to our storage facility and pipeline header systems, as well as deliveries into Bayou Bridge."
Quotes from 1Q 2018 call.
Shneur Z. Gershuni - UBS Securities LLC
In terms of the total spend, once you FID it?
Marshall S. McCrea - Energy Transfer Partners LP
Yeah. This is Mackie, and we'll talk about this probably a little later with other questions. But we're real excited about that project. It has kind of taken a turn for the good in that it doesn't – will not provide only Nederland, but will provide access to the ship channel market.
So we're still finalizing the exact nature of it. Of course the customers – and there's a tremendous amount of interest in kind of the new project, and once we have finalized that and are contracting with the customers, we'll be able to finalize the CapEx.
Brian Zarahn - Mizuho Securities USA LLC
Okay. And then on timeframe, would this be more of a 2020 project?
Marshall S. McCrea - Energy Transfer Partners LP
Yes.
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