Delek Logistics Announces Transportation Services Agreement Period for Incentive Rates for the Paline Pipeline from Longview ...
29 Dezember 2017 - 10:45PM
Delek Logistics Partners, LP (NYSE:DKL) announced today that Paline
Pipeline Company, LLC (“Paline”) is seeking minimum volume
commitments for crude oil transportation service from the origin
points of Hanks Station, Kilgore, Texas and Longview, Texas to the
destination point of Nederland, Texas, in exchange for volume
incentive rates at a discount to the uncommitted rate for the same
hauls. Paline also expects to develop new tank staging facilities
to serve these origin points that should enter service in the first
quarter of 2019, and shippers making minimum volume commitments
would also be entitled to discount rates for tankage service at
these facilities upon their completion and during the term of their
volume commitments. Shippers making minimum volume
commitments would execute a transportation services agreement with
Paline. Service at the discounted rates for transportation would
commence in the first quarter of 2018, with minimum volume
commitments terminating either two or three years from the
in-service date of the tank staging facilities, as may be selected
by the customer.
Paline is also considering a future pipeline
capacity expansion for service on these routes. Shippers that
execute a transportation services agreement for a minimum volume
commitment at this time would have the opportunity to reduce that
commitment by a to-be-determined amount if they execute
transportation services agreements in any open season to be held
with respect to any such future pipeline capacity expansion
project.
Prospective shippers wishing to learn more
regarding the terms for volume commitments and volume incentive
rates should contact Odely Sakazi, Vice President of Business
Strategy, at 615-939-9321 or Odely.Sakazi@delekus.com. The deadline
for executing a transportation services agreement reflecting the
volume incentive rates is February 28th, 2018.
About Delek Logistics Partners,
LPDelek Logistics Partners, LP, headquartered in
Brentwood, Tennessee, was formed by Delek US Holdings, Inc.
(NYSE:DK) to own, operate, acquire and construct crude oil and
refined products logistics and marketing assets.
Safe Harbor Provisions Regarding
Forward-Looking StatementsThis press release contains
“forward-looking” statements. These statements contain words such
as “possible,” “believe,” “should,” “could,” “would,” “predict,”
“plan,” “estimate,” “intend,” “may,” “anticipate,” “will,”
“if,” “expect” or similar expressions, as well as statements
in the future tense, and can be impacted by numerous factors, and
include, but are not limited to, statements regarding future
service on the Paline pipeline; pipeline volumes, tariffs,
discounts, uncommitted and incentive rates, timing, origin points,
commitments, terms and agreements relating thereto; pipeline
capacity, tank staging facilities and tankage services including
timing, commitments and rates thereof; and future safe and reliable
operations. Forward-looking statements should not be read as
a guarantee of future performance or results and will not be
accurate indications of the times at or by which such performance
or results will be achieved. Forward-looking information is
based on information available at the time and/or management's good
faith belief with respect to future events, and is subject to risks
and uncertainties that could cause actual performance or results to
differ materially from those expressed in the statements. Neither
Delek US, Delek Logistics Partners, LP nor any of their affiliates
undertakes any obligation to update or revise any such
forward-looking statements, except as required by applicable law or
regulation.
U.S. Investor / Media Relations Contact:Keith
JohnsonVice President of Investor
Relations
615-435-1366
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