Kinder Morgan Reaches FID on Permian Highway Pipeline Expansion Project
[Click image to enlarge]
Permian Highway Pipeline has made a final investment decision (FID) to proceed with its expansion project after securing binding firm transportation agreements for all available capacity.
The project will increase PHP’s capacity by approximately 550 million cubic feet per day (MMcf/d). The project will involve primarily additional compression on PHP to increase natural gas deliveries from the Waha area to multiple mainline connections, Katy, Texas, and various U.S. Gulf Coast markets. Pending the timely receipt of required approvals, the target in-service date for the project is anticipated to be November 1, 2023.
“We are excited to have achieved FID on this very important expansion. The project will alleviate transportation constraints out of the Permian Basin so as to further support meeting our domestic and global energy needs,” said Kinder Morgan Natural Gas Midstream President Sital Mody.
“This expansion couldn’t come at a more critical time, as it will foster future natural gas production growth in West Texas and provide several liquefaction facilities along the Texas Gulf Coast with more affordable, reliable supply,” said Jamie Welch, president and CEO of Kinetik.
“In addition, approximately 30 of Kinetik’s customers will gain access to premium priced markets and transportation flow assurance, which is critical to minimizing flared volumes,” added Welch.
PHP is jointly owned by subsidiaries of Kinder Morgan (26.7 percent), Kinetik Holdings (53.3 percent), and ExxonMobil (20 percent).
About Kinder Morgan
Kinder Morgan is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. They are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of the people, communities, and businesses they serve. They own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Their pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2, and other products, and its terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals, and petroleum coke.
To stop by Kinder Morgan’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2022 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
