Kinder Morgan Begins Service at BOSTCO Oil Terminal on Houston Ship Channel
HOUSTON -- October 7, 2013
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced commercial
operations are underway for phase one at the 185-acre Battleground Oil
Specialty Terminal Company, LLC (BOSTCO) project on the Houston Ship Channel.
Approximately 20 of the 51 storage tanks built during phase one construction
are being placed into service this month, and the remaining tanks will come
online during the next six months. A two-berth ship dock and 12 barge berths
are also scheduled to be in service this month. A joint venture of KMP (which
owns a 55 percent interest in and will operate the facility) and
TransMontaigne Partners L.P. (NYSE: TLP), the almost $500 million BOSTCO
terminal is fully subscribed for a total capacity of 7.1 million barrels
(including the project's phase two expansion) and is able to handle ultra low
sulfur diesel, residual fuels and other black oil terminal services.
Phase two of construction at BOSTCO is underway and involves the construction
of an additional six, 150,000-barrel, ultra low sulfur diesel tanks,
additional pipeline connectivity and high-speed loading at a rate of 25,000
barrels per hour. BOSTCO expects phase two to begin service in the fourth
quarter of 2014.
“We are pleased commercial operations have begun which provide the market with
a unique, deepwater terminaling solution that provides high-speed loading and
improved barge and ship access to the Texas Gulf Coast for the export and
import of various refined products,” said John Schlosser, president of Kinder
The BOSTCO project is employing approximately 750 local contractors during
construction and has hired about 75 full-time employees to operate the
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 51,000miles of pipelines and 180terminals. 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 $110billion. It
owns an interest in or operates approximately 80,000miles of pipelines and
180terminals. Its pipelines transport natural gas, gasoline, crude oil, CO
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 interests of KMP and El Paso Pipeline Partners, L.P.
(NYSE: EPB), along with limited partner interests in KMP, Kinder Morgan
Management, LLC (NYSE: KMR) and EPB. For more information please visit
This news release includes forward-looking statements. Although Kinder Morgan
believes that its expectations 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 are enumerated in Kinder Morgan’s Forms 10-K
and 10-Q as filed with the Securities and Exchange Commission.
Kinder Morgan Energy Partners, L.P.
Emily Mir, (713) 369-8060
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