UPDATE 1-Energy Transfer shelves new Louisiana pipeline -COO

Wed Nov 6, 2013 1:08pm EST
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* Illinois-to-Louisiana conversion project to move forward

* Energy Transfer, Enbridge Inc end partnership in Gulf access project

* Energy Transfer aims to move volumes from Enbridge and others

By Kristen Hays

HOUSTON, Nov 6 (Reuters) - Energy Transfer Partners LP shelved a new Louisiana-only leg of its Eastern Gulf Crude Access (EGCA) pipeline project over lack of shipper interest, Chief Operating Officer Marshall McCrea told analysts on Wednesday.

He said a so-called "open season" launched in June and extended in August to gauge demand for a new 160-mile pipeline connecting an existing Illinois-to-Louisiana pipeline to the St. James, Louisiana, oil hub lacked enough commitments to justify construction.

Energy Transfer is still moving forward with converting the 574-mile stretch of natural gas pipeline to move crude oil from Patoka, Illinois, to Boyce, Louisiana, he said. It will, however, do so without Canadian pipeline giant Enbridge Inc , its former partner in the project, he added during the company's third-quarter earnings conference call.

That project is one of several underway that aim to move more Canadian heavy crude to Gulf Coast markets.   Continued...