HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that subsidiaries Elba
Liquefaction Company, L.L.C. (ELC) and Southern LNG Company, L.L.C.
(SLNG), have received authorization from the Federal Energy Regulatory
Commission (FERC) for the Elba Liquefaction Project. The approximate $2
billion project will be constructed and operated at the existing Elba
Island LNG Terminal near Savannah, Georgia. As previously announced, the
first of 10 liquefaction units is expected to be placed in service in
the second quarter of 2018, with the remaining nine units coming online
before the end of 2018. This project is supported by a 20-year contract
with Shell.
KMI also announced today that Elba Express Company L.L.C. (EEC) and
Southern Natural Gas Company, L.L.C. (SNG) have received from FERC
Certificates of Public Convenience and Necessity for the EEC
Modification Project and SNG Zone 3 Expansion Project, respectively.
Together these projects total $306 million and include additional
compression and related work for north-to-south capacity expansions on
Elba Express Pipeline that will supply additional gas to industrials and
utilities in Georgia and Florida and to Elba Island for liquefaction.
Facilities for these pipeline projects are expected to be placed in
service late in the fourth quarter of 2016.
In 2012, the Elba Liquefaction Project received authorization from the
Department of Energy to export to Free Trade Agreement (FTA) countries.
An application to export to non-FTA countries is pending, but is not
required for the project to move ahead. The liquefaction project is
expected to have a total capacity of approximately 2.5 million tonnes
per year of LNG for export, equivalent to approximately 350,000 Mcf per
day of natural gas.
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure
company in North America. It owns an interest in or operates
approximately 84,000 miles of pipelines and approximately 180 terminals.
The company’s pipelines transport natural gas, gasoline, crude oil, CO2
and other products, and its terminals store petroleum products and
chemicals, and handle bulk materials like coal and petroleum coke. 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.
