Enterprise Announces Projects to Expand NGL and Petrochemical Storage Services at its Mont...

HOUSTON -- Enterprise Products Partners L.P. (NYSE:EPD) today announced plans to expand its natural gas liquids ("NGL") and petrochemical storage services at its complex in Mont Belvieu, Texas. The partnership announced two projects to expand brine handling capacity to improve its ability

to receive and deliver NGLs and petrochemicals at its underground storage facilities in Mont Belvieu. The increased storage rate capacity will further enable Enterprise to enhance product storage services and movement to transportation and distribution pipelines which serve the Gulf Coast region, as well as to its import and export facilities on the Houston Ship Channel.

Enterprise, which currently owns and operates 94 million barrels of usable storage capacity at Mont Belvieu, will more than double its brine storage capabilities to 19 million barrels. Additionally, it will increase its capacity to produce brine for injection service by drilling two new brine production wells. These expansion projects are scheduled to be placed in service in 2006. Enterprise expects the additional brine handling and production capacity will result in increased revenues from its storage services business beginning in the second half of 2006.

Brine, a mixture of salt and water, is injected into underground storage caverns in order to displace and deliver NGLs and petrochemicals from the storage cavern to pipelines. Brine is primarily stored in above ground reservoirs.

"Increasing our brine storage capacity and adding two new production wells will provide added flexibility to meet the growing demand for NGL and petrochemical transportation and storage services at Mont Belvieu, which is the largest NGL hub in the U.S.," said Robert G. Phillips, president and chief executive officer of Enterprise. "This will allow for the most efficient utilization of our systems to deliver NGLs into the major transportation pipelines and for receipts of NGLs from the major producing regions of the country and from imports."

Enterprise Products Partners L.P. is one of the largest publicly traded energy partnerships with an enterprise value of approximately $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 32,500 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. Enterprise Products Partners L.P. is managed by its general partner, Enterprise Products GP LLC, which is wholly owned by Enterprise GP Holdings L.P. (NYSE:EPE). For more information on Enterprise GP Holdings L.P., visit its website at www.enterprisegp.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:

--fluctuations in oil, natural gas and NGL prices and production due to weather and other natural and economic forces;

--a reduction in demand for its products by the petrochemical, refining or heating industries;

--the effects of its debt level on its future financial and operating flexibility;

--a decline in the volumes of NGLs delivered by its facilities;

--the failure of its credit risk management efforts to adequately protect it against customer non-payment;

--terrorist attacks aimed at its facilities; and,

--the failure to successfully integrate its operations with assets or companies, if any that it may acquire in the future.

Enterprise has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.