Current low crude oil prices could tamp down shipments on the new 450,000 b/d Seaway “twin” pipeline to the US Gulf Coast, which came online in December and is now running at about half that capacity, Jim Teague, chief operating officer for Seaway operator Enterprise Products Partners, said Friday. The “twin” pipeline parallels and augments the original 400,000 b/d Seaway pipeline, which was reversed and put into service in 2012, connecting the oil storage hub at Cushing, Oklahoma, with US Gulf Coast refining markets. “I wouldn’t be surprised to see [Seaway] run at current capacity” because of lower prices, Teague told reporters during a commemorative event at the Jones Creek terminal near Freeport, Texas. Even though oil prices have dropped 50% from the mid-2014 recent peak of $107/barrel in the US, “I think [shippers] want” pipe capacity, for the options it provides to […]