Thursday, June 24, 2010

Gas

The NGLs would be transported via approximately 230 miles of new pipeline and KMP’s existing Cochin pipeline system. Subject to regulatory approvals and necessary capital investments, Marcellus NGL shipments could begin as soon as mid-2012. Given appropriate levels of shipper support, Kinder Morgan could move over 150,000 bpd at a rate as low as nine cents per gallon.
“We have developed our proposal based on discussions with Marcellus producers and gas processors and believe that Kinder Morgan offers the quickest and most efficient solution for the delivery of NGLs to the premium Ontario market,” said Don Lindley, vice president of business development for KMP’s Products Pipeline group. “We also anticipate, at some point in time, reversing a section of Cochin to offer service to Chicago area refiners, fractionation plants and petrochemical facilities.”

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