Open Season on Magellan Midstream's 500-Mile Voyager Pipeline to Be Extended

Magellan Midstream Partners LP and Navigator Energy Services are extending the open season to book capacity on the proposed Voyager Pipeline after they announced a significant rise in interest.

Binding commitments are now due on March 29.

The Voyager Pipeline is a proposed 500 mile pipeline project that will move crude oil and condensate from storage terminals in Cushing, Oklahoma to refineries and export terminals in Houston.

This project is a joint venture project that would include the construction of a 20-inch or 24-inch pipeline, which could move up to 300,000 barrels of crude oil and condensate per day from Magellan's terminal in Cushing to the company's terminal in East Houston.

At the Houston terminal destination, Magellan's pipeline network would be able to deliver crude oil and condensate to all refineries in the Houston and Texas City area or to crude oil export facilities.

Magellan said the Voyager Pipeline could be operational by late 2020, if approved by regulators and the project receives enough interest.

Source:
Chron