Kinder Morgan Drops $170M On Houston Terminal Expansions

Law360, New York (January 14, 2013, 4:01 PM EST) -- Kinder Morgan Energy Partners LP announced Monday that it is investing approximately $170 million to expand its Houston oil and gas pipelines terminal network as part of infrastructure boosting efforts meant to meet growing demand for storage and dock services along the Gulf Coast.

Kinder Morgan’s $170 million investment includes the purchase of 42 acres, planned construction of a new ship dock to handle ocean going vessels and building 1.2 million barrels of liquids storage tanks, the Houston-based oil and gas pipelines giant said.

Specifically, Kinder...
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