Natural Gas Pipeline Company of America LLC (NGPL) announced the launch
of a 14-day non-binding open season to gauge interest in the potential
expansion of its Gulf Coast mainline system, which would increase NGPL’s
capability to flow by up to 750,000 dekatherms per day of incremental
volume from the Rockies Express Pipeline (REX) interconnection at
Moultrie, Ill., to points south on its pipeline system. This expansion
project will provide for incremental firm transportation service from
the existing interconnect with REX to existing and growing markets along
the Texas and Louisiana Gulf Coast. The project will source gas from the
REX Moultrie receipt point and transport gas south to the Texok, South
Texas and Louisiana delivery zones. The potential expansion would
include the reversal of compressor stations, and minor pipe replacement
and upgrade activities along NGPL.
“This project will help satisfy the needs of both producers and end-use
customers as gas production increases in the Utica and Marcellus shale,
and markets continue to grow in Louisiana and South Texas,” said Kinder
Morgan Natural Gas Pipelines Central Region President David Devine.
The non-binding open season began on Feb. 18, and ends at 4 p.m. CT on
March 4, 2014. Non-binding declarations of interest should be sent to
Jim Lelio, director of Business Development for Kinder Morgan Natural
Gas Pipelines Central Region, at jim_lelio@kindermorgan.com.
Those interested in obtaining more detailed information about this open
season can visit the Kinder Morgan web site.
NGPL is one of the largest interstate pipeline systems in the country
with approximately 9,200 miles of pipeline, more than 1 million
compression horsepower and 280 billion cubic feet of working gas
storage. Kinder Morgan, Inc. (NYSE: KMI) operates NGPL and owns a 20
percent interest in the pipeline company. Myria Holdings Inc. owns the
remaining interest.
Kinder Morgan is the largest midstream and the third largest energy
company in North America with a combined enterprise value of
approximately $110 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. Kinder Morgan, Inc.
(NYSE: KMI) owns the general partner interests of Kinder Morgan Energy
Partners, L.P. (NYSE: KMP) and El Paso Pipeline Partners, L.P. (NYSE:
EPB), along with limited partner interests in KMP and EPB and shares in
Kinder Morgan Management, LLC (NYSE: KMR). For more information please
visit http://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.
