Kinder Morgan extends UMTP Pipeline binding open season

Kinder Morgan Inc. (NYSE: KMI) is extending its current binding open season to Dec. 15 to review shipper comments and interest received to date, as well as to continue to seek commitments for the proposed Utica Marcellus Texas Pipeline (UMTP) project, which would transport natural gas liquids and condensate produced from the Utica and Marcellus basins to delivery points along the Texas Gulf Coast, including connectivity to a Kinder Morgan dock located along the Houston Ship Channel.

The binding open season scheduled to end Sept. 15 will now end at 5 p.m. Central Time on Dec. 15.

The proposed project would involve the abandonment and conversion of 964 miles of natural gas service on KMI’s existing Tennessee Gas Pipeline, the construction of approximately 200 miles of new pipeline from Louisiana to Texas, new storage in Ohio, and 120 miles of new laterals to provide basin connectivity.

The $4 billion UMTP project will be designed to transport propane, butanes, natural gasoline, y-grade, and condensate in batches along the system, with a maximum design capacity of 430,000 barrels per day. Subject to shipper commitments and timely regulatory approvals, the pipeline will be in service by the fourth quarter of 2018.

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