Kinder Morgan/Valero place Parkway Pipeline into service

Kinder Morgan Energy Partners LP

Construction of the approximately 141-mile, 16-inch-diameter Parkway Pipeline, a 50-50 joint venture between Kinder Morgan Energy Partners LP (NYSE: KMP) and Valero Energy Corp. (NYSE: VLO), is complete and is now transporting refined petroleum products from refineries in Norco, Louisiana, to an existing petroleum transportation hub in Collins, Mississippi, owned by Plantation Pipe Line Co. (Kinder Morgan owns 51 percent of Plantation Pipe Line Co. and operates the system.)

From this hub, the products will be transported by multiple pipeline systems, including Plantation, that serve major markets in the eastern US. The approximately $250 million pipeline system has an initial capacity of 110,000 barrels per day (bpd) with the ability to expand to over 200,000 bpd.

Kinder Morgan Energy Partners LP is a pipeline transportation and energy storage company that owns an interest in, or operates, more than 54,000 miles of pipelines and 180 terminals. The general partner of KMP is owned by Kinder Morgan Inc., a midstream energy company in North America with a combined enterprise value of approximately $110 billion. It owns an interest in, or operates, approximately 80,000 miles of pipelines and 180 terminals.

 

 

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