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Energy Producer Proposes 50% Increase in Fuel-Storage Capacity

FORT LAUDERDALE, FL-An operating unit of El Paso Energy Partners is asking final approval on a plan to develop 65 acres adjacent to Port Everglades for the storage and distribution of 1.1 million barrels of petroleum. Fort Lauderdale is 26 miles north of Miami.

By David R. Corder | Updated on April 10, 2001

FORT LAUDERDALE, FL-An operating unit of Houston-based El Paso Energy Partners has just one more obstacle to cross in a bid to develop 65 acres it owns adjacent to Port Everglades for the storage and distribution of 1.1 million barrels of petroleum.

The operating unit now stores and distributes about 2.2 million barrels of petroleum on a portion of the property adjacent to the deepwater port. The operating unit was known as Coastal Fuels Marketing Inc. prior to the recent merger between its parent, Coastal Corp., into El Paso Energy Corp., a subsidiary of El Paso Energy Partners.

Last week, the local operating unit of El Paso CGP Co., an El Paso Energy subsidiary, earned tentative final approval from the Fort Lauderdale city commission following the first reading of a project development order. Approval on second reading at the Apr. 17 commission meeting would authorize the storage and distribution operation to apply for building permits.

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