Kinder Morgan approves proceeding with TGP’s NED project

Kinder Morgan Inc.’s (NYSE: KMI) board of directors has authorized KMI’s subsidiary, Tennessee Gas Pipeline Company (TGP), to proceed with TGP's Northeast Energy Direct (NED) project's “market path” segment from Wright, New York, to Dracut, Massachusetts, a $3.3 billion investment designed to serve natural gas utilities and electricity generation customers in New England.

NED will be an extension off of KMI’s existing TGP pipeline, which has delivered natural gas to New England since the 1950s. Since first proposed in 2014, the NED project could involve a combination of 30-in.-diameter and 36-in.-diameter mainline, and provide between 1.3 bcf/d and 2.2 bcf/d of incremental capacity for the region’s needs.  

 

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