Petal Gas Storage and Pipeline to Hold Open Season

    Business Editors/Energy Editors

    HOUSTON--(BUSINESS WIRE)--March 7, 2005--Enterprise Products Partners L.P. (NYSE:EPD) announced today that its subsidiary, Petal Gas Storage, L.L.C. (Petal) will hold a non-binding Open Season for up to 5 billion cubic feet ("Bcf") of firm natural gas storage capacity, which is expected to be available in the fourth quarter of 2007. Petal concurrently will hold a non-binding Open Season for up to 500 million cubic feet ("MMcf") of firm transportation on the Petal Pipeline.
    Petal has received authorization from the Federal Energy Regulatory Commission ("FERC") to construct the above storage capacity. The storage facility has bi-directional interconnects with Tennessee Gas Pipeline, Gulf South Pipeline, Hattiesburg Gas Storage and the Petal Pipeline. The Petal Pipeline, which is a 60-mile pipeline between the towns of Petal and Enterprise, Mississippi, provides access to key markets in the Southeast and Mid-Atlantic regions of the U.S. through bi-directional interconnects with Transcontinental Gas Pipe Line, Southern Natural Gas, and Destin Pipeline. Petal recently received FERC authorization to increase the daily throughput capacity on the Petal Pipeline from 700 MMcf per day to 1.3 Bcf per day, which allows Petal to offer the additional transportation capacity in the non-binding Open Season. In addition to the existing interconnects, Petal is considering requests to access Florida Gas Transmission and Gulfstream Natural Gas.
    The open season will begin at 9:00 a.m. Central Standard Time on Thursday, March 17, 2005, and will conclude at 3:00 p.m. Central Standard Time on Wednesday, April 13, 2005. Customers interested in bidding on the available capacity must complete the Request for Storage Service Form and/or the Request for Transportation Service Form, which can be obtained by contacting Russ Kovin at 832-676-5659 or RKovin@eprod.com.
    Enterprise Products Partners L.P. is one of the largest publicly traded energy partnerships with an enterprise value of over $14 billion, and is a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs and crude oil. Enterprise transports natural gas, NGLs and crude oil through 31,000 miles of onshore and offshore pipelines and is an industry leader in the development of midstream infrastructure in the Deepwater Trend of the Gulf of Mexico. Services include natural gas transportation, gathering, processing and storage; NGL fractionation (or separation), transportation, storage, and import and export terminaling; crude oil transportation and offshore production platform services. For more information, visit Enterprise on the Web at www.epplp.com.
    This press release contains various forward-looking statements and information that are based on Enterprise's beliefs and those of its general partner, as well as assumptions made by and information currently available to Enterprise. When used in this press release, words such as "anticipate," "project," "expect," "plan," "goal," "forecast," "intend," "could," "believe," "may," and similar expressions and statements regarding the plans and objectives of Enterprise for future operations, are intended to identify forward-looking statements. Although Enterprise and its general partner believe that such expectations reflected in such forward-looking statements are reasonable, neither Enterprise nor its general partner can give assurances that such expectations will prove to be correct. Such statements are subject to a variety of risks, uncertainties and assumptions. If one or more of these risks or uncertainties materialize, or if underlying assumptions prove incorrect, Enterprise's actual results may vary materially from those Enterprise anticipated, estimated, projected or expected. Among the key risk factors that may have a direct bearing on Enterprise's results of operations and financial condition are:

CONTACT: Enterprise Products Partners L.P., Houston Investor Relations Randy Burkhalter, 713-880-6812 www.epplp.com

KEYWORD: TEXAS INDUSTRY KEYWORD: OIL/GAS ENERGY SOURCE: Enterprise Products Partners L.P.

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