Magellan seeks commitments for potential pipeline project
By Staff and Wire Reports on Sep 17, 2013, at 2:30 AM Updated on 9/17/13 at 4:16 AM
Energy
President Barack Obama's nominee to be the nation's top energy regulator came under sharp questioning Tuesday from lawmakers concerned that he may be opposed to coal and natural gas.
Chesapeake Energy Corp. CEO Doug Lawler acknowledged Tuesday what many employees have feared.
Magellan Midstream Partners LP announced Monday it has launched an "open season" to assess customer interest in transporting refined petroleum products to Little Rock.
The potential project would include construction of a 12-inch pipeline stretching approximately 160 miles capable of transporting 75,000 barrels a day of gasoline, diesel fuel and jet fuel from Tulsa-based Magellan's terminal in Fort Smith, Ark. Magellen said the project would provide the Little Rock market access to refined products from Mid-Continent and Gulf Coast refineries via the partnership's extensive refined petroleum products pipeline system.
The pipeline could be operational in the third quarter of 2015 depending on the results of the open season and permit and regulatory approval.
Interested customers must submit binding commitments by 5 p.m. Oct. 16.
Energy
President Barack Obama's nominee to be the nation's top energy regulator came under sharp questioning Tuesday from lawmakers concerned that he may be opposed to coal and natural gas.
Chesapeake Energy Corp. CEO Doug Lawler acknowledged Tuesday what many employees have feared.
