Kinder Morgan Energy Partners, L.P. (KMP) has announced an extension of the 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 binding open season, which originally ended 30 September 2014, has been extended to 30 October 2014.
“We’re pleased to see the high level of support from interested shippers during our open season,” said Ron McClain, President of Products Pipelines for KMP. “The project remains on track for an in-service date of July 2017, pending a successful extended open season and regulatory approvals. We expect that extending the open season will enable us to obtain sufficient commitments to proceed with the project.”
As previously announced, the approximately US$ 1 billion Palmetto Project would provide pipeline shippers looking to move refined petroleum products from the Gulf Coast with access to new markets in the Southeast. The project has a design capacity of 167 000 bpd 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.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.worldpipelines.com/business-news/01102014/kinder-morgan-announces-extension-of-palmetto-project-open-season-865/