The Federal Energy Regulatory Commission granted approval to place the $60 million Midla Natchez Pipeline, running from Louisiana to Mississippi, into service, American Midstream Partners LP (NYSE: AMID) said on April 4.
“This $60 million project was undertaken as a commitment to provide safe and reliable energy transportation service to our customers and to the communities we operate,” said Lynn Bourdon, president and CEO of American Midstream, in a statement. “Additionally, this project will provide the ability to deliver new and incremental volumes to existing and future customers, developing a foundation for further growth in the region. With line fill underway, we are excited to commence service and begin deliveries to our customers in the near future.”
American Midstream received construction approval for the 55-mile, 12-in. line in December 2015. Midla Natchez has capacity to deliver of up to 50,000 dekatherms a day from Winnsboro, La., to Natchez, Miss., and has multiple long-term transportation agreements.
The pipeline has three receipt points from Locust Ridge Gas Co., Columbia Gas Transmission and Tennessee Gas Pipeline. There are 12 delivery points to local distribution and manufacturing facilities including Louisiana Municipal Gas Authority, BASF Corp. and ATMOS Energy Corp.
Recommended Reading
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
Buffett: ‘No Interest’ in Occidental Takeover, Praises 'Hallelujah!' Shale
2024-02-27 - Berkshire Hathaway’s Warren Buffett added that the U.S. electric power situation is “ominous.”
After Megamerger, Canadian Pacific Kansas City Rail Ends 2023 on High
2024-02-02 - After the historic merger of two railways in April, revenues reached CA$3.8B for fourth-quarter 2023.
NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter
2024-02-02 - Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.