KMP expanding Kinder Morgan crude and condensate system

Kinder Morgan Energy Partners, L.P. has announced it will invest approximately US$ 54 million to build an interconnect and other facilities for its Kinder Morgan Crude and Condensate (KMCC) pipeline after entering into a long-term transportation agreement with Republic Midstream Marketing, LLC. 

Republic will construct a gathering pipeline from Lavaca County, Texas, to the new interconnection at KMP’s DeWitt Station, near Cuero, Texas. In addition to the interconnection, KMP will build two storage tanks (each with 120 000 bbls of capacity), truck offloading racks and related facilities. The project is expected to come online in June 2015.

“We are pleased to enter into this agreement with Republic, as it gives KMCC access to additional Eagle Ford production areas in Gonzales and Lavaca counties,” said Don Lindley, president of Natural Gas Liquids for KMP. “We have now secured long-term commitments for more than 75% of the 300 000 bpd of capacity on KMCC. Including joint ventures and other projects, KMP’s planned investments related to Eagle Ford crude and condensate opportunities currently total approximately US$ 1 billion, all of which are supported by long-term customer contracts.”

Adapted from press release by Hannah Priestley-Eaton

Read the article online at: https://www.worldpipelines.com/business-news/08082014/kmp-expanding-kinder-morgan-crude-and-condensate-system/