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Tallgrass Energy announces binding agreement surrounding refining complex and liquids terminal

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Tanks and Terminals,


Tallgrass Energy LP has announced that it has signed a binding agreement with an unaffiliated third-party that has the potential to be an anchor shipper and equity partner in Tallgrass’ proposed Seahorse Pipeline, a crude oil pipeline that would run from Cushing, Oklahoma, US, to both the St. James refining complex and Tallgrass’ planned Plaquemines Liquids Terminal in Louisiana, US.

In addition, Tallgrass announced that its affiliate, Tallgrass Pony Express Pipeline LLC, will launch a new joint tariff open season on 30 Nov soliciting shipper commitments for crude oil transportation under a joint tariff between the Pony Express and Seahorse pipelines from Guernsey and DJ-Basin origin points to the St. James refinery complex and PLT. This news follows a recently announced Pony Express expansion open season.

Tallgrass also announced details of a US$30 million land acquisition that will serve as the site for PLT. The site includes more than 600 acres of land along the Mississippi River about 30 miles south of New Orleans, Louisiana. When complete, PLT is expected to offer up to 20 million bbls of storage for both crude oil and refined products and export facilities capable of loading Suezmax and VLCC vessels for international delivery.

The land was acquired pursuant to an agreement between PLT and the Plaquemines Port & Harbor Terminal District. PLT and the Plaquemines Port will work collaboratively to permit and construct the terminal. As part of the transaction, the Plaquemines Port received a 50-acre tract that will serve as a conservation easement adjacent to the historic community of Ironton, and an additional portion of the site will be made available for the Mid-Barataria Sediment Diversion project, a critical restoration project that is part of Louisiana’s “Master Plan” to create a more sustainable coast. The Plaquemines Parish Council voted 8-0 in favour of the transaction.

Read the article online at: https://www.tanksterminals.com/terminals/28112018/tallgrass-energy-announces-binding-agreement-surrounding-refining-complex-and-liquids-terminal/

 

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