Taylor NGL Limited Partnership

Taylor NGL Limited Partnership

March 15, 2005 14:22 ET

Taylor NGL Limited Partnership Announces Completion of Construction of the Joffre Feedstock Pipeline


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TAYLOR NGL LIMITED PARTNERSHIP

TSX SYMBOL: TAY.UN

MARCH 15, 2005 - 14:22 ET

Taylor NGL Limited Partnership Announces Completion of
Construction of the Joffre Feedstock Pipeline

CALGARY, ALBERTA--(CCNMatthews - March 15, 2005) - Taylor Gas Liquids
Ltd., general partner of Taylor NGL Limited Partnership (TSX:TAY.UN), is
pleased to announce that construction of the Joffre Feedstock Pipeline
is now complete and commercial operations are to begin immediately.
Construction of this 180 km pipeline, that will transport natural gas
liquids from Fort Saskatchewan, Alberta to Joffre, Alberta, began in
August 2004.

Under the terms of the Joffre Feedstock Pipeline Transportation
Agreement with NOVA Chemicals Corporation, the sole shipper on the
pipeline, Taylor receives a transportation fee that is the sum of a
fixed payment, that is proportional to the capital invested in the
pipeline, and full recovery of actual costs incurred in operating and
maintaining the pipeline. As of the commencement of commercial
operations, Taylor will have committed approximately $55MM in the Joffre
Feedstock Pipeline.

The Partnership owns and operates the Joffre Extraction Plant in
Alberta, the Younger Extraction Plant in British Columbia, and the RET
Complex in southeastern Alberta. The Partnership also owns two natural
gas liquids pipelines in Alberta, the Ethylene Delivery System and the
Joffre Feedstock Pipeline. Both the Joffre and Younger plants are
natural gas liquids extraction facilities that produce ethane, propane,
butane and condensate. The RET Complex consists of three interconnected
natural gas processing facilities and their associated gathering
systems. The Ethylene Delivery System is used to transport ethylene from
NOVA Chemicals Corporation's Joffre petrochemical complex to industrial
customers and storage facilities in Fort Saskatchewan and Prentiss,
Alberta. The Joffre Feedstock Pipeline transports natural gas liquids
from Fort Saskatchewan to the NOVA Chemicals Corporation's Joffre
petrochemical complex. The Partnership has also recently announced the
purchase of the Harmattan Complex, a full service natural gas and
natural gas liquids processing facility located in west central Alberta.

This press release contains the words "expect", "approximately", and
other similar expressions to identify forward-looking statements that
involve risks and uncertainties. Such information, although considered
reasonable by management at the time of preparation, may prove to be
incorrect and actual results may differ from those anticipated in the
statements made.

Taylor NGL Limited Partnership (www.taylorngl.com) units trade on the
Toronto Stock Exchange under the symbol TAY.UN.

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