Looking to better serve the needs of consumers in the greater Chicago area, Kinder Morgan Inc. (KMI) announced Wednesday that it has entered into a long-term, firm transportation agreement with The Peoples Gas Light and Coke Co., an affiliate of Peoples Energy, that will support construction of a new $13 million natural gas pipeline. Pending regulatory approval, the pipeline — which was first announced in late February (see Daily GPI, Feb. 23) — is expected to be available for service on Nov. 1, 2007.
Peoples has contracted for all 360,000 Dth/d of capacity on the proposed 28-mile Kinder Morgan Illinois Pipeline, which will run from Beecher, IL to the Chicago city limits near Burnham, IL. The project combines construction of a new pipeline and a long-term capacity lease on Natural Gas Pipeline Company of America (NGPL), a wholly owned subsidiary of KMI.
Kinder Morgan’s Natural Gas Pipelines group President Scott Parker said the Chicago-area project is one of several pipeline and storage expansion initiatives under way, primarily on NGPL, which represent an ongoing capital investment of approximately $148 million.
“Considering the flexibility and scope of our assets, Kinder Morgan is uniquely positioned to help meet the increasing demand for clean-burning natural gas and to respond to changes in the country’s energy supply sources,” Parker said. “Specific to NGPL, we continue to demonstrate a willingness to invest the dollars necessary to expand our pipeline and storage infrastructure for the benefit of shippers and consumers alike.”
Some of NGPL’s more significant projects include:
KMI owns an interest in or operates approximately 43,000 miles of pipelines that transport primarily natural gas, crude oil, petroleum products and CO2; more than 150 terminals that store, transfer and handle products like gasoline and coal; and natural gas distribution service to over 1.1 million customers.
©Copyright 2006Intelligence Press Inc. All rights reserved. The preceding news reportmay not be republished or redistributed, in whole or in part, in anyform, without prior written consent of Intelligence Press, Inc.
© 2020 Natural Gas Intelligence. All rights reserved.
ISSN © 1532-1231 | ISSN © 2577-9877 |