Crimson Midstream, MPLX Launch Open Season for Swordfish Pipeline
Crimson Midstream and MPLX have commenced a binding open season to assess interest and solicit commitments from prospective shippers for transportation service on the Swordfish Pipeline, which would provide connectivity from existing terminal facilities in St. James and Raceland, Louisiana to the Louisiana Offshore Oil Port LLC (LOOP) terminal facility in Clovelly.
Swordfish would be a multi-diameter (16", 20" and 30") batched system with the ability to transport up to 600,000 bpd of crude oil. The in-service date for the Swordfish Pipeline is anticipated to be in the first half of 2020. The binding open season will conclude on Nov. 30.
"Swordfish is an industry solution that provides needed capacity to local Louisiana refineries and to the Clovelly Hub based on market demands," said MPLX President Michael Hennigan. "We believe our pipeline's ability to be paired with existing assets will make it more competitive than alternative projects to supply refiners in the region. The pipeline would also provide needed additional capacity for exporters of North American crude."
"Leveraging mostly existing infrastructure, this open season offers Gulf Coast refiners and North American crude exporters a first-to-market pipeline solution providing reliable supply from St. James," added Larry Alexander, Crimson's president and chief operating officer. "The Swordfish Pipeline enables Crimson and MPLX to provide transportation solutions from St. James to a wide range of markets."
Crimson and MPLX said Swordfish Pipeline will have minimal impact on current shippers on the Crimson system, as their ability to access the St. James and local refining markets will be maintained.
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