Enterprise Expands Marine Terminal on the Houston Ship Channel

HOUSTON–(BUSINESS WIRE)–Enterprise Products Partners L.P. (NYSE: EPD) today announced that the
company has purchased a 65-acre waterfront site on the Houston Ship
Channel that will serve as the next phase of expansion at the Enterprise
Hydrocarbon Terminal (“EHT”). Located immediately to the east of EHT,
the property features two existing docks, dredging infrastructure that
will be utilized for maintenance and dock expansion at the site, and
land for significantly expanding Enterprise’s marine terminaling
capabilities. Future plans include construction of at least two
deepwater docks capable of accommodating Suezmax vessels.

“As one of the last waterfront properties for sale adjacent to our
existing ship channel assets, this strategic acquisition complements our
world-class EHT marine terminal and strengthens our position as an
industry leader in providing waterborne access,” said A.J. “Jim” Teague,
chief executive officer of Enterprise’s general partner. “The growth
opportunities available at the 65-acre site enhance our ability to
accommodate growing U.S. hydrocarbon production which is increasingly
destined for global markets.”

Combined with the EHT complex, the newly acquired assets will be part of
Enterprise’s premier Gulf Coast network of marine terminals that
includes 18 ship docks, and eight barge docks. In addition, Enterprise’s
Gulf Coast infrastructure system features access to approximately 125
pipelines, 400 million barrels of storage and every refinery in the
Houston, Beaumont, Port Arthur and Texas City region, representing more
than 4 million barrels per day of capacity.

Enterprise Products Partners L.P. is one of the largest publicly traded
partnerships and a leading North American provider of midstream energy
services to producers and consumers of natural gas, NGLs, crude oil,
refined products and petrochemicals. Our services include: natural gas
gathering, treating, processing, transportation and storage; NGL
transportation, fractionation, storage and import and export terminals;
crude oil gathering, transportation, storage and terminals;
petrochemical and refined products transportation, storage and
terminals; and a marine transportation business that operates primarily
on the United States inland and Intracoastal Waterway systems. The
partnership’s assets include approximately 50,000 miles of pipelines;
260 million barrels of storage capacity for NGLs, crude oil, refined
products and petrochemicals; and 14 billion cubic feet of natural gas
storage capacity.

This press release includes “forward-looking statements” as defined
by the Securities and Exchange Commission. All statements, other than
statements of historical fact, included herein that address activities,
events, developments or transactions that Enterprise and its general
partner expect, believe or anticipate will or may occur in the future
are forward-looking statements. These forward-looking statements are
subject to risks and uncertainties that may cause actual results to
differ materially from expectations, including required approvals by
regulatory agencies, the possibility that the anticipated benefits from
such activities, events, developments or transactions cannot be fully
realized, the possibility that costs or difficulties related thereto
will be greater than expected, the impact of competition, and other risk
factors included in Enterprise’s reports filed with the Securities and
Exchange Commission. Readers are cautioned not to place undue reliance
on these forward-looking statements, which speak only as of their dates.
Except as required by law, Enterprise does not intend to update or
revise its forward-looking statements, whether as a result of new
information, future events or otherwise.

Contacts

Enterprise Products Partners L.P.
Randy Burkhalter, (713)
381-6812 or (866) 230-0745
Investor Relations
or
Rick
Rainey, (713) 381-3635
Media Relations