USD Partners LP has announced that it has entered into a four-year extension with Cenovus Energy Inc., increasing its previous position from 7% to 25% of the Hardisty terminal’s capacity.
The renewal contains consistent take-or-pay terms with minimum monthly payments and rates that exceed those of the original terminalling services agreement with the customer.
The Hardisty terminal is located in Alberta, Canada.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/27092018/usd-partners-announces-second-contract-extension-at-hardisty-terminal/