Magellan Not Proceeding With Permian Crude Pipeline 'At This Time'

SUGAR LAND--March 26, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--Citing a lack of shipper support, U.S. midstream major Magellan Midstream Partners LP (NYSE:MMP) (Tulsa, Oklahoma) will not proceed "at this time" with its plan to build a 350,000 barrel-per-day (BBL/d) Permian-to-Corpus/Houston crude oil and condensate pipeline in Texas by late 2019. Industrial Info is tracking nearly $23.7 billion in active pipeline-related projects in the state, including $897 million involving Magellan.