HOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that the
fully subscribed Sierrita Pipeline has begun service. The approximately
60-mile, 36-inch diameter pipeline provides approximately 200 million
cubic feet per day of firm transportation capacity and extends from El
Paso Natural Gas’ existing south mainlines near Tucson, Arizona, to the
U.S.-Mexico border near Sasabe, Arizona. The Sierrita Pipeline
interconnects via a new international border crossing with a new natural
gas pipeline in Mexico. It will help Mexico meet its environmental goals
of converting existing fuel-oil-fired power generation plants to
efficient, clean burning natural gas and provide natural gas for future
power plants. The project was built in partnership with MGI Enterprises
US LLC, a wholly owned affiliate of Pemex Gas y Petroquímica Básica, a
subsidiary of Petróleos Mexicanos, the Mexican state-owned oil and gas
company, and MIT Pipeline Investment Americas, Inc., a subsidiary of
Mitsui & CO., LTD.
“We are pleased to see the Sierrita Pipeline placed in service to
provide customers in Mexico with supplies of clean, efficient natural
gas,” said Natural Gas Pipelines West Region President Mark Kissel. “The
project created temporary jobs and future property tax benefits to
Arizona and provides a means for transporting abundant, cost efficient
U.S. natural gas production to Mexico. The project also represents a
highly successful, multi-national cooperative effort on the part of
companies whose parent corporations are headquartered in the U.S.,
Mexico, and Japan.”
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline
transportation and energy storage company and one of the largest
publicly traded pipeline limited partnerships in America. It owns an
interest in or operates approximately 52,000 miles of pipelines and
180 terminals. The general partner of KMP is owned by Kinder Morgan,
Inc. (NYSE: KMI). Kinder Morgan is the largest midstream and the third
largest energy company in North America with a combined enterprise value
of approximately $120 billion. It owns an interest in or operates
approximately 80,000 miles of pipelines and 180 terminals. Its pipelines
transport natural gas, gasoline, crude oil, CO2 and other
products, and its terminals store petroleum products and chemicals and
handle such products as ethanol, coal, petroleum coke and steel. KMI
owns the general partner interests of KMP and El Paso Pipeline Partners,
L.P. (NYSE: EPB), along with limited partner interests in KMP, Kinder
Morgan Management, LLC (NYSE: KMR) and EPB. For more information please
visit www.kindermorgan.com.
This news release includes forward-looking statements. These
forward-looking statements are subject to risks and uncertainties and
are based on the beliefs and assumptions of management, based on
information currently available to them. Although Kinder Morgan
believes that these forward-looking statements are based on reasonable
assumptions, it can give no assurance that such assumptions will
materialize. Important factors that could cause actual results to
differ materially from those in the forward-looking statements herein
include those enumerated in Kinder Morgan’s reports filed with
the Securities and Exchange Commission. Forward-looking
statements speak only as of the date they were made, and except to the
extent required by law, Kinder Morgan undertakes no obligation to update
or review any forward-looking statement because of new information,
future events or other factors. Because of these uncertainties,
readers should not place undue reliance on these forward-looking
statements.