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Energy Transfer Partners Bayou Bridge JV in Open Season

Bayou Bridge Pipeline LLC has launched a binding expansion open season for additional transportation services of Bayou Bridge Pipeline. Bayou Bridge Pipeline LLC is a joint venture (JV) of Energy Transfer Partners LPETP , Phillips 66 PSX and Sunoco Logistics Partners LP SXL .

It is to be noted that the construction of a segment of the pipeline, with 30-inch diameter, is ongoing and will extend from Nederland, TX, to Lake Charles, LA. The segment will likely commence operations by the first quarter of 2016.

Investors should know that the expanded open season, commencing today, is expected to be used for concluding the diameter of the pipeline section from Lake Charles to St. James, LA. Bayou Bridge Pipeline LLC has already decided to connect the pipeline with the crude terminal of NuStar Energy LP NS at St. James. Bayou Bridge Pipeline LLC is also in talks with more parties for connecting the pipeline to other large oil terminals located in the same area. It is probable that the Bayou Bridge Pipeline will start delivering crude to St. James by the second half of 2017.

Dallas, TX-based Energy Transfer Partners is a master limited partnership (MLP) engaged primarily in the gathering, processing, storage and transportation of natural gas. The partnership has a strategically positioned asset base that helps in achieving its growth objective.

Phillips 66 − based in Houston, TX − is an energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses. The company, in its current form, came into existence following the 2012 spin-off of ConocoPhillips' downstream business into a separate, independent and publicly traded entity.

Philadelphia-based Sunoco Logistics Partners, a MLP, acquires, owns and operates a geographically diverse portfolio of refined product and crude oil pipelines and terminal facilities. Its facilities are located in 17 states in the Northeast, the Midwest, the Southeast and the Southwest of the country.

Currently, all the three MLPs carry a Zacks Rank #3 (Hold), which implies that the stocks will perform in line with the broader U.S. equity market over the next one to three months.

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NUSTAR ENERGY (NS): Free Stock Analysis Report

SUNOCO LOGISTIC (SXL): Free Stock Analysis Report

ENERGY TRAN PTR (ETP): Free Stock Analysis Report

PHILLIPS 66 (PSX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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