Updates
August 10, 2012: SeekingAlpha.com article on the "Seaway Reversal" and why it has not resulted in the changes we had hoped.August 3, 2012: the data points below are taken from RBN energy. The "Seaway Reversal" has three (3) phases:
- Phase 1: the reversal: the pipeline now delivers domestic and Canadian crude out of Cushing into the lucrative refining market on the Gulf Coast
- Phase 2: boost existing pipeline capacity from 150,000 bopd to 400,000 bopd; should be completed by the end of 2012
- Phase 3: build a twin, parallel, crude pipeline alongside the original; will more than double the capacity of the Seaway; expected to go into service in mid-2014
Original Post
Link here.Enterprise Products Partners L.P. and Enbridge Inc. announced that the initial volumes of crude oil through the Seaway Pipeline were delivered to the Jones Creek facility, near Freeport, Texas, today at approximately 11 a.m. CDT. The arrival marks the first southbound delivery of crude by pipeline from the oversupplied Cushing hub, and gives producers access to all of the major refineries in the Greater Houston area and Texas City.
