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Stock Market & Financial Investment News

News Breaks
August 4, 2014
10:01 EDTKMPKinder Morgan Energy announces open season for Plametto Project
Kinder Morgan Energy Partners, L.P. announced the launch of a binding open season to solicit commitments for the proposed Palmetto Project, which offers shippers a new refined products service to move gasoline, diesel and ethanol from Louisiana, Mississippi and South Carolina to points in South Carolina, Georgia and Florida. The approximately $1B project has a design capacity of 167,000 barrels per day and would consist of a segment of expansion capacity that Palmetto would lease from Plantation Pipe Line Company between Baton Rouge, Louisiana, and Belton, South Carolina. A new 360-mile pipeline from Belton, South Carolina, to Jacksonville, Florida, would also be constructed as part of the project.
News For KMP 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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