Kinder Morgan Launches $5B Canadian Oil Pipeline Expansion

Law360, New York (April 12, 2012, 6:42 PM EDT) -- Kinder Morgan Energy Partners LP will move forward with $5 billion project to nearly triple the capacity of its 1,150-kilometer Trans Mountain pipeline system, after receiving strong commitments from shippers, it said Thursday.

KMEP already has commitments totaling 660,000 barrels of oil per day from new and existing producers looking to send both crude and refined oil from central Alberta province to the west coast of the U.S. and Canada, the company said.

The proposed expansion will increase capacity on the Trans Mountain system from 300,000...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.