Canadian Finance Minister Bill Morneau on Wednesday announced an offer to cover any losses suffered by Kinder Morgan Canada due to political resistance against its Trans Mountain Pipeline expansion project across British Columbia.
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Kinder Morgan Canada Ltd. (KML) remains invested in British Columbia (BC) and Alberta, but the path forward for the company’s Trans Mountain Expansion Project is still unclear, CEO Steven Kean said Wednesday.
After spending C$1.1 billion ($880 million) on five years of groping through a regulatory, legal and political maze without finding a clear path into construction, Kinder Morgan Canada Ltd. (KML) suspended work Sunday on its Trans Mountain Pipeline expansion.
Kinder Morgan Inc.’s (KMI) natural gas business outperformed in the final three months of 2017, driven mostly by growth in transportation volumes, as the midstream giant readies expansions for its oil and gas systems across North America.
Kinder Morgan Canada is refusing to be rattled by political protest in British Columbia (BC) and is maintaining a mid-September date for starting construction of its growth-enabling pipeline project for the country’s top industrial natural gas consumer, the Alberta oilsands.
Kinder Morgan Inc. (KMI) has completed a supplemental open season for the remaining 22,000 b/d of capacity available on its planned Trans Mountain crude pipeline expansion in Canada, the company said Wednesday.