(Source: Business Wire)

Energy Transfer Partners, L.P. (NYSE:ETP)
today announced it has entered into another 10-year contract with a
shipper to transport natural gas on its Tiger Pipeline system, bringing
total capacity commitments on the pipeline to the initial design
capacity of 2.0 billion cubic feet per day. The Tiger Pipeline's
throughput capacity may be increased to up to 2.4 billion cubic feet per
day with added compression.
This new capacity commitment is in addition to previously announced
agreements that include a 15-year contract with Chesapeake Energy
Marketing, Inc., a subsidiary of Chesapeake Energy Corporation, for 1.0
billion cubic feet per day and a 10-year contract with Denver-based
Encana Marketing (USA) Inc., a subsidiary of EnCana Corporation.
"We are excited to announce that the capacity committed to the Tiger
Pipeline project has reached 2.0 billion cubic feet per day," said Lee
Hanse, Senior Vice President, Energy Transfer Partners Interstate
Pipeline Division. "This latest precedent agreement further evidences
the need for additional pipeline capacity out of the increasingly active
Haynesville Shale natural gas play. Now that 2.0 billion cubic feet per
day is subscribed, Tiger Pipeline will focus its efforts on the optimal
expansion design to help provide producers with the additional takeaway
capacity needed to further provide enhanced market access."
Energy Transfer Partners, L.P. (NYSE:ETP)
is a publicly traded partnership owning and operating a diversified
portfolio of energy assets. ETP has pipeline operations in Arizona,
Colorado, Louisiana, New Mexico, and Utah, and owns the largest
intrastate pipeline system in Texas. ETP's natural gas operations
include gathering and transportation pipelines, treating and processing
assets, and three storage facilities located in Texas. ETP currently has
more than 17,500 miles of pipeline in service and has a 50% interest in
joint ventures that have approximately 500 miles of interstate pipeline
in service. ETP is also one of the three largest retail marketers of
propane in the United States, serving more than one million customers
across the country.
Energy Transfer Equity, L.P. (NYSE:ETE)
is a publicly traded partnership, which owns the general partner of
Energy Transfer Partners, L.P. and approximately 62.5 million ETP
limited partner units.
For more information on the ETC Tiger Pipeline, visit www.tigerpipeline.com.
This press release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law. Such forward-looking statements are subject to a
variety of known and unknown risks, uncertainties, and other factors
that are difficult to predict and many of which are beyond management's
control. An extensive list of factors that can affect future results are
discussed in ETP's Annual Report on Form 10-K and other documents filed
from time to time with the Securities and Exchange Commission. ETP
undertakes no obligation to update or revise any forward-looking
statement to reflect new information or events.
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