Kinder Morgan moving forward on $1.7B Texas pipeline
http://www.chron.com/business/energy/article/Kinder-Morgan-moving-forward-on-1-7B-Texas-12447222.php December 21, 2017
Houston's Kinder Morgan said Thursday it's ready to move forward with its $1.7 billion gas pipeline from West Texas to the Corpus Christi area after signing on Apache Corp. as a major customer.
The project, expected to be in operation by October 2019, is meant to capitalize off of the ongoing shale boom in West Texas' Permian Basin. While companies are primarily drilling for oil, there's also a lot of associated natural gas produced from the shale rock - even more than initially projected.
The goal is to ship the gas to industrial and port hubs near Corpus Christi and Houston, where the gas can be shipped to power plants for electricity generation, to liquefied natural gas export terminals, or to Mexico, which is increasingly importing more American gas for its power generation.
The 500-mile project is 50 percent owned by Kinder Morgan with the other 25 percent slices of the pie belonging to Houston's Targa Resources and DCP Midstream, which is a joint venture between Houston's Phillips 66 and Calgary-based Enbridge. Construction is expected to start in the first quarter of 2018....
...The pipeline is one of more than 15 proposed projects to expand or construct pipelines that will traverse Texas from the Permian Basin to Houston, Corpus Christi and Beaumont. Most of the pipelines are for crude oil or natural gas liquids....
