Seaway Twin Oil Pipeline Complete, Awaits Q3 Commissioning - Enterprise

Enterprise Products Partners LP's Seaway Twin pipeline is mechanically complete, but will continue final commissioning through the third quarter, a more prolonged start-up than traders expected.

Enterprise said in June that the 450,000-barrel-per-day expansion, which would move crude from Cushing, Oklahoma, to oil tanks near Houston, would be completed except for final testing within the month.

Gulf Coast prices might be boosted, after a glut of oil to the region has pressured prices, as the industry waits for oil to come through the new Seaway line, Sandy Fielden of RBN Energy consultancy said before Enterprise's statement.

The start up of the Twin should put pressure on local grades including Southern Green Canyon WTC-SGC and Mars sour WTC-MRS, both of which have seen modest or sideways movements in the last month, traders said.

(english.caixin.com  Edited by Topco)