Natural Gas Pipeline Company of America Announces Non-Binding Open Season for Gulf Coast Market Expansion Project
HOUSTON--(BUSINESS WIRE)--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”
“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 firstname.lastname@example.org. 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 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.