HOUSTON--(BUSINESS WIRE)--Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of Kinder Morgan,
Inc. (NYSE: KMI), today announced the start of a non-binding open season
for firm natural gas transportation service on its proposed Gulf Coast
Express Pipeline Project, which will provide an outlet for increased
natural gas production from the Permian Basin to growing markets along
the Texas Gulf Coast. The project is designed to transport up to
1,700,000 dekatherms per day of natural gas through approximately 430
miles of 42-inch pipeline from the area near Waha, Texas, to Agua Dulce,
Texas. The pipeline will be in service in the second half of 2019,
subject to shipper commitments.
Natural gas supply will be sourced into the project from multiple
locations, including existing receipt points along KMI’s KMTP and El
Paso Natural Gas pipeline systems in the Permian Basin, a proposed
interconnection with the Trans-Pecos Pipeline, and additional
interconnections to both intrastate and interstate pipeline systems in
the Waha area. Deliveries of natural gas into the Agua Dulce area will
include points into KMTP’s existing Gulf Coast network, KMI-owned
intrastate affiliates (KM Tejas and KM Border pipelines), the Spectra
Valley Crossing pipeline, the NET Mexico header, and multiple other
intrastate and interstate natural gas pipelines.
“The Gulf Coast Express Pipeline Project connects growing natural gas
supplies in the Permian Basin with expanding markets for natural gas on
the Texas Gulf Coast, including export markets via liquefied natural gas
and deliveries into Mexico, while providing shippers flow assurance and
margin enhancement through a wide variety of interconnecting pipelines,”
said Kinder Morgan Natural Gas Midstream President Duane Kokinda. “We
believe Agua Dulce is a natural destination for incremental Permian
production due to the existing and planned pipeline infrastructure in
that area.”
The open season bid period begins on March 22, 2017, and ends at 5 p.m.
Central Time on April 20, 2017. Interested parties should submit their
written request for the Non-Binding Bidding Guidelines to Dave Grisko,
vice president of business development for Kinder Morgan’s Natural Gas
Midstream group, at david_grisko@kindermorgan.com
or (713) 369-9870.
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy
infrastructure companies in North America. It owns an interest in or
operates approximately 84,000 miles of pipelines and 155 terminals. The
company’s pipelines transport natural gas, gasoline, crude oil, CO2
and other products, and its terminals store and handle petroleum
products, chemicals and other products. For more information please
visit www.kindermorgan.com.
Important Information Relating to
Forward-Looking Statements
This news release includes forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of 1995 and
Section 21E of the Securities and Exchange Act of 1934. Generally the
words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,”
“estimates,” and similar expressions identify forward-looking
statements, which are generally not historical in nature.
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 any such forward-looking
statements will materialize. Important factors that could cause actual
results to differ materially from those expressed in or implied from
these forward-looking statements include the risks and uncertainties
described in Kinder Morgan’s reports filed with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for the
year-ended December 31, 2016 (under the headings “Risk Factors” and
“Information Regarding Forward-Looking Statements” and elsewhere) and
its subsequent reports, which are available through the SEC’s EDGAR
system at
www.sec.gov
and on our website at ir.kindermorgan.com. 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 any
forward-looking statement because of new information, future events or
other factors. Because of these risks and uncertainties, readers should
not place undue reliance on these forward-looking statements.