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Kinder Morgan Energy Partners to Invest Approximately $170 Million to Expand Terminal Network on Houston Ship Channel



  Kinder Morgan Energy Partners to Invest Approximately $170 Million to Expand
  Terminal Network on Houston Ship Channel

Business Wire

HOUSTON -- January 14, 2013

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced an expansion
project and acquisition that will provide additional infrastructure to help
meet growing demand for liquids storage and dock services along the Gulf
Coast. The combined investment of approximately $170 million will include the
purchase of 42 acres, construction of a new ship dock to handle ocean going
vessels and building 1.2 million barrels of liquids storage tanks. KMP has
entered into a letter of intent (LOI) with a major ship channel refiner to
develop six 150,000-barrel tanks and four 75,000-barrel tanks with
connectivity to its Galena Park Terminal and to the refiner’s location. The
property will be used to provide dock services for up to eight vessels a month
for the refinery and four vessels a month for KMP’s terminal.

“This project will alleviate existing dock congestion among Kinder Morgan’s
Houston Ship Channel terminals, provide additional export capacity value and
be accretive to KMP unitholders upon completion,” said Jeff Armstrong,
president of Kinder Morgan Terminals. Armstrong added that it will also be
possible to add a second phase of storage tanks to the project in the future.

Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline
transportation and energy storage company and one of the largest publicly
traded pipeline limited partnerships in America. It owns an interest in or
operates approximately 46,000 miles of pipelines and 180 terminals. The
general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI). Kinder
Morgan is the largest midstream and the third largest energy company in North
America with a combined enterprise value of approximately $100 billion. It
owns an interest in or operates approximately 75,000 miles of pipelines and
180 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO[2]
and other products, and its terminals store petroleum products and chemicals
and handle such products as ethanol, coal, petroleum coke and steel. KMI owns
the general partner interest of KMP and El Paso Pipeline Partners, L.P. (NYSE:
EPB), along with limited partner interests in KMP, and EPB and shares in
Kinder Morgan Management, LLC (NYSE: KMR). For more information please visit
www.kindermorgan.com.

This news release includes forward-looking statements. These forward-looking
statements are subject to risks and uncertainties and are based on the beliefs
and assumptions of management, based on information currently available to
them. Although Kinder Morgan believes that these forward-looking statements
are based on reasonable assumptions, it can give no assurance that such
assumptions will materialize. Important factors that could cause actual
results to differ materially from those in the forward-looking statements
herein include those enumerated in Kinder Morgan’s reports filed with the
Securities and Exchange Commission. Forward-looking statements speak only as
of the date they were made, and except to the extent required by law, Kinder
Morgan undertakes no obligation to update or review any forward-looking
statement because of new information, future events or other factors. Because
of these uncertainties, readers should not place undue reliance on these
forward-looking statements.

Contact:

Kinder Morgan Energy Partners, L.P.
Joe Hollier, (713) 369-9176
Media Relations
joe_hollier@kindermorgan.com
or
Mindy Mills Thornock, (713) 369-9490
Investor Relations
mindy_thornock@kindermorgan.com
www.kindermorgan.com
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