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Stock Market & Financial Investment News

News Breaks
May 16, 2013
16:21 EDTMSBHY, KMPKinder Morgan's Tennessee Gas, Mitsubishi Corp sign transportation agreement
Tennessee Gas Pipeline Company, a unit of Kinder Morgan Energy (KMP), has signed a binding, 20-year firm transportation precedent agreement with Mitsubishi Corporation (MSBHY) to ship 600,000 dekatherms per day of natural gas earmarked for the proposed Cameron LNG liquefaction facility in Hackberry,LA, which is slated to begin LNG exports in the 2H17. Mitsubishi will serve as the foundation shipper for TGP's Southwest Louisiana Supply Project, which is designed to provide transportation from various supply basins in Ohio, Pennsylvania, Texas and Louisiana to Cameron Interstate Pipeline, which connects directly to the Cameron LNG Terminal. Kinder Morgan does not own Cameron Interstate Pipeline or the Cameron LNG facility.
News For KMP;MSBHY From The Last 14 Days
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March 4, 2015
06:29 EDTKMPKinder Morgan Trans Mountain pipeline expansion meets opposition, WSJ says
Kinder Morgan's $4.3B proposal to burrow through Burnaby Mountain is encountering opposition in nearby Vancouver, reports the Wall Street Journal. Kinder's proposed expansion would triple the capacity of the Trans Mountain pipeline and allow Alberta oil sands producer to move 890,000 BPD, while Kinder says it is already planning to increase crude oil shiploads to foreign markets to 34 ships per month. The company plans to start construction in 2016 and complete the project by late 2017, though the expansion is still being reviewed by Canadian regulators who aren't expected to issue a verdict until early 2016. Reference Link

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