American Midstream Partners, LP (AMID) today announced the completion and commencement of deliveries on the previously announced Cayenne Pipeline joint venture between the company and Targa Resources Corp. The Cayenne Pipeline will initially possess 40,000 bpd of Y-grade NGL transport capacity with the ability to expand to more than 50,000 bpd. The pipeline will originate from the Targa-operated Venice gas processing plant and deliver to fractionation in Southern Louisiana. It is supported by a 15-year dedication for all NGL production from Targa’s 750 MMcf/d Venice plant with inlet from six offshore Gulf of Mexico pipelines.
“Cayenne not only benefits offshore producers with a substantial increase in NGL take away capacity, but also creates meaningful value to AMID by taking an underutilized pipeline and altering its services into a strategic project,” said Lynn Bourdon III, AMID’s President and Chief Executive Officer.