Kinder Morgan to Increase Size of Trans Mountain Pipeline
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Kinder Morgan Energy Partners LP, the biggest U.S. pipeline operator, will increase the size of its planned Trans Mountain oil-pipeline expansion in Canada to 890,000 barrels a day to satisfy demand from producers.
The expanded project will cost C$5.4 billion ($5.5 billion), up from a most recent estimate of C$4.1 billion, Houston-based Kinder Morgan said in a statement today. The increase came after additional shippers signed long-term contracts in a supplemental open-season round, according to the statement.