Wednesday, April 18, 2012

Kinder Morgan to continue with pipeline project

Kinder Morgan says it is to continue with its plans to extend the Trans Mountain pipeline system, which is expected to cost about $5 billion (€3.8 billion), thanks to strong commitments during the recent shipping season.

Because of a number of existing and new shipping companies submitting 660,000bpd as a binding commercial support for the coming 20 years, Kinder Morgan has decided to continue with the development.
The expansion will up the Trans Mountain pipeline from its current capacity of 300,000bdp to a new capacity of 850,000bpd.

The development will involve adding new pump stations along the pipeline route, increasing the number of storage tanks at existing facilities, and expanding the Westridge Marine Terminal.

‘We are still early in the engagement process of the project,’ says president of Kinder Morgan Canada, Ian Anderson. ‘We share respectful, open relationships with many communities and organizations interested in our business. We are committed to an 18 to 24 month inclusive, extensive and thorough engagement on all aspects of the project with local communities along the proposed route and marine corridor, including first nations and aboriginal groups, environmental organisations and all other interested parties.’

‘We anticipate filing a facilities application initiating a regulatory review with the National Energy Board in 2014. If our application is approved, construction is currently forecast to commence in 2016 with the proposed project operating by 2017,’ Anderson continues.

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