Construction is underway on the Bayou Bridge, a new pipeline that will whisk crude oil from south Texas to Lake Charles, Louisiana. The Associated Press reports the pipeline will be built through a joint venture between Phillips 66, Energy Transfer Partners and Sunoco Logistic Partners.
The cost of the project has not been disclosed, but Phillips 66 claims 40 percent interest in the project, Energy Transfer Partners holds 30 percent and Sunoco will hold 30 percent as well as the system’s operations.
“The Bayou Bridge pipeline, combined with the storage and logistics capabilities of our Beaumont Terminal, provides enhanced opportunities to deliver North American heavy and light crudes into the Louisiana market that is heavily dependent today on marine and rail delivery of crude oil,” said Greg Garland, chairman and CEO of Phillips 66 in a prepared statement.
Sunoco Logistics President and CEO Michael Hennigan said the Bayou Bridge will span the state, connecting stations in the Permian Basin, Eagle Ford Shale, East Texas, the Panhandle and southern Oklahoma.