NEW YORK May 3 Magellan Midstream Partners LP
is evaluating a new pipeline to transport crude and
condensate from the Permian Basin to Corpus Christi in Texas,
its top executive said during a company earnings call on
The new pipeline would join a number of other midstream
players looking to grow in the largest U.S. shale play.
Magellan also said it was evaluating a further expansion of
its 300,000 barrel per day BridgeTex crude pipeline, which flows
from the Permian Basin to the Houston area, to 475,000 bpd. The
current expansion up to 400,000 bpd is expected to be
operational by the end of the second quarter.
(Reporting by Catherine Ngai; Editing by Chizu Nomiyama)