A Kinder Morgan (KMI) Texas-Louisiana expansion project meant to help satiate the growing natural gas demand along the Gulf Coast got federal approval on Nov. 21. (Source: Shutterstock)
A Kinder Morgan (KMI) Texas-Louisiana expansion project meant to help satiate the growing natural gas demand along the Gulf Coast got federal approval on Nov. 21.
The Federal Energy Regulatory Commission approved a permit for Natural Gas Pipeline Company of America’s Texas-Louisiana Expansion Project, which will add about 467 MMcf/d of capacity to a network close to the LNG and gas processing centers along the states’ coastline.
Natural Gas Pipeline is a subsidiary of Kinder Morgan. According to the FERC permit ruling, KMI expects the project to cost about $71.98 million. The certificate grants KMI two years to complete the project.
The project will expand the network through new or upgraded compressors on the network and a new connection to KMI’s Louisiana Line, which will add 300 MMcf/d to the project through existing unused capacity.
According to the FERC ruling, KMI submitted an application for the project in 2022. The firm has since signed precedent agreements for capacity with Golden Pass LNG, Devon Gas Services and Delfin Midstream.
Recommended Reading
PE Firm Bluewater to Sell Apex International Energy
2025-02-10 - Since Bluewater first invested in Apex International Energy in 2018, the company has grown to be one of the top 10 upstream producers in Egypt.
Encino's Owner Mulls $7B Sale, IPO of Utica E&P, Sources Say
2025-02-04 - CPP Investments is considering a sale or IPO of Encino Acquisition Partners following January’s IPO of fellow Utica Shale E&P Infinity Natural Resources.
After Big, Oily M&A Year, Upstream E&Ps, Majors May Chase Gas Deals
2025-01-29 - Upstream M&A hit a high of $105 billion in 2024 even as deal values declined in the fourth quarter with just $9.6 billion in announced transactions.
Continental Resources Signs JV to Explore Shale Oil, Gas in Turkey
2025-03-12 - Early evaluations from the joint venture between Continental Resources, Türkiye Petroleum and TransAtlantic Petroleum suggest ultimate recoverable reserves could reach 6 Bbbl of oil and 32 Tcf to 65 Tcf of gas.
NOG Spends $67MM on Midland Bolt-On, Ground Game M&A
2025-02-13 - Non-operated specialist Northern Oil & Gas (NOG) is growing in the Midland Basin with a $40 million bolt-on acquisition.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.