KMI plans binding open season for Mier-Monterrey pipeline expansion

A subsidiary of Kinder Morgan Inc. (NYSE: KMI) will soon begin a binding open season to solicit interest for incremental firm natural gas transportation service on its Mier-Monterrey pipeline, which would expand capacity to approximately 1.340 billion cubic feet per day. The open season bid period begins on Aug. 13, and ends at 5 p.m. Central Time on Aug. 22.

The expansion project, which would be completed by the fourth quarter of 2017, will consist of the looping of the existing Mier-Monterrey pipeline system from the Mexico-US border to Huinalá, Nuevo León, Mexico, and a new lateral from Pesquería, Nuevo León, Mexico, to Escobedo, Nuevo León, Mexico.

KMI subsidiary Kinder Morgan Gas Natural de México S. de R.L. de C.V. owns and operates the 85-mile Mier-Monterrey pipeline, which has been in service since 2003 and stretches from the international border between the US and Mexico in Starr County, Texas, to Monterrey, Mexico. The pipeline connects to a 1,000-megawatt power plant complex and to the Pemex natural gas transportation system.

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