Houston, Texas (June 21, 2007) – LDH Energy Pipeline L.P. (LDH Energy Pipeline) announced today that it has completed construction of a natural gas liquids pipeline from Hull, Texas, to the Mont Belvieu natural gas liquids hub. The pipeline construction and commissioning were completed late last week with initial product deliveries beginning today. Joe Rothbauer, vice president of midstream operations for LDH Energy Pipeline, said: “The pipeline extension will provide incremental natural gas liquid capacity for Permian Basin, East Texas and Barnett Shale development. The 31-mile pipeline will provide direct access to the Mont Belvieu natural gas liquids hub and allows LDH Energy Pipeline to fully utilize the capacity of the entire pipeline system.”

Construction of the Hull to Mont Belvieu extension began in late 2006. The 12-inch pipeline will have a capacity of more than 130,000 barrels per day. Bill Rippe, executive vice president of LDH Energy, said: “We are pleased to be able to add more capacity to handle the growing Texas natural gas liquids volume.”

About LDH Energy

LDH Energy operates one of the largest natural gas liquids, natural gas, coal, petroleum and petrochemical merchandising companies in North America and is involved in the processing, trading and transporting of a range of energy products. Currently marketing over 5.0 bcf of physical natural gas each day, its asset base includes ownership of a 1,400-mile NGL pipeline from the Permian basin to a Hull storage facility; ownership of a 43-million-barrel underground storage faciity in Mont Belvieu, Texas; a 4.5-million barrel propane/butane storage and terminal facility in Hattiesburg, Mississippi; an approximate 20-percent interest in the Sea Robin Gas Processing Plant (Sea Robin); and a gas gathering and processing system in Callahan, Eastland, Erath, Bosque and Hill Counties in north Texas. An affiliate, LDH Energy Olefins, owns two cryogenic liquids extraction plants, an olefins fractionation plant and an 85-mile pipeline located in southeast Louisiana.

LDH Energy is a partnership between the Louis Dreyfus Group and Highbridge Capital Management. The Louis Dreyfus Group, which was founded in 1851, is an organization of diversified companies whose principal activities include worldwide processing, trading and merchandising of a broad range of agricultural and energy commodities, telecommunications, real estate development and shipping. For more information, please visit www.louisdreyfus.com. Highbridge Capital Management is a New York-based, global alternative asset management company that is majority owned by JPMorgan Chase & Co.

Back to News