NuStar Energy’s Open Season for capacity expansion of Permian Crude System
NuStar Energy L.P. has commenced its Binding Open Season involving a second capacity expansion of NuStar Permian Transportation and Storage LLC’s Permian Crude System.
With crude oil throughput volumes to certain destinations on NuStar’s Permian Crude System approaching the system’s capacity, the NuStar Permian Crude System Expansion No. Two will provide shippers with additional transportation capacity that is capable of reaching multiple downstream markets through interconnects at Colorado City, Texas.
The NuStar Permian Crude System Expansion No. Two is currently expected to consist of three phased-in expansion projects, including: Big Spring South Inlet; Colorado City Mainline Expansion; and County Line Loop. Once completed, these projects are expected to provide approximately 70,000 barrels per day of additional capacity on the Permian Crude System, of which 90% of such additional capacity will be available for volume commitments during the Open Season.
Under the NuStar Permian Crude System Expansion No. Two Open Season, potential shippers will have the opportunity to make volume commitments and sign a Transportation Services Agreement (TSA) from designated origin point segments to NuStar’s Colorado City, Texas Terminal at tiered-volume committed rates. Subject to the limitations set forth in the TSA, shippers that execute a TSA during the Open Season will also have the option to elect firm transportation rights on NuStar’s Permian Crude System during periods of prorationing for those movements for which shippers have made volume commitments.
The open season runs until for 30 days from January 9th.
For more information visit www.nustarenergy.com
12th Jan 2018