Kinder Morgan Energy Partners LP (KMP) announced an extension of the binding open season to solicit commitments for the proposed Palmetto project, the company announced Sept. 30. The project is designed to offer shippers a new refined products service to move gasoline, diesel and ethanol from Louisiana, Mississippi and South Carolina to receipt points in South Carolina, Georgia and Florida. The open season was originally scheduled to end on Sept. 30, but has been extended to Oct. 30 at 5 p.m. Central time.
“The project remains on track for an in-service date of July 2017, pending a successful extended open season and regulatory approvals,” said Ron McClain, president of products pipelines for KMP. “We expect that extending the open season will enable us to obtain sufficient commitments to proceed with the project.”
The $1 billion Palmetto project has a design capacity of 167,000 barrels per day and would consist of a segment of expansion capacity Palmetto expects to lease from Plantation Pipe Line Co. between Baton Rouge, La., and Belton, S.C. The project would also include construction of a new 360-mile pipeline from Belton to Jacksonville, Fla.
Recommended Reading
Battalion in Compliance with NYSE American after 2023 Meeting
2024-02-13 - Previously, Battalion Oil was not in compliance with the NYSE after failing to hold an annual meeting of stockholders during the fiscal year ending Dec. 31.
JMR Services, A-Plus P&A to Merge Companies
2024-03-05 - The combined organization will operate under JMR Services and aims to become the largest pure-play plug and abandonment company in the nation.
New Fortress Energy Sells Two Power Plants to Puerto Rico
2024-03-18 - New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
Tellurian Executive Chairman ‘Encouraged’ by Progress
2024-03-18 - Tellurian announced new personnel assignments as the company continues to recover from a turbulent 2023.
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
2024-03-18 - By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.