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Energy Transfer gets FERC approval to place Rover phase 1B into service

Published 12/18/2017, 08:49 AM
© Reuters.  Energy Transfer gets FERC approval to place Rover phase 1B into service
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  • Energy Transfer Partners (NYSE:ETP) +1.6% premarket after announcing late Friday that its Rover Pipeline project received FERC approval to place phase 1B of the project into service, bringing the 713-mile pipeline closer to its 3.25B cf/day design total.
  • With the addition of the Phase 1B facilities, ETP says Rover is now capable of transporting up to 1.7B cf/day of natural gas and shippers now have access to six additional receipt points with an incremental receipt capacity of 2.45B cf/day.
  • The final phase of the pipeline is expected to be in service by the end of Q1 2018.
  • Now read: Energy Sector Big Broker Bets: Energy Transfer For Gain; CSI Compressco For December Yield


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