Gulf Coast Express Pipeline gets investment nod amid Permian push

22 Dec 2017   Pipelines, Shale Gas, USA

A final investment decision has been made to move forward with a 1.9 Bcf/d pipeline being jointly developed by Kinder Morgan, DCP Midstream and Targa Resources that would allow more shale gas to move from the Permian Basin to the Texas Gulf Coast after the project secured long-term shipper commitments for about 85% of its capacity, the companies said Thursday. The Gulf Coast Express Pipeline, which is targeted to be in service in October 2019 pending regulatory approvals, would add a much-needed conduit for the flow to demand markets of the increasing amounts of associated gas that are being lifted from the Permian amid an avalanche of investment in the oil-rich play that spans West Texas and southeastern New Mexico. Kinder Morgan, which transports more than one-third of the gas consumed in the US, had been looking for partners to help shoulder the risk of building the $1.7 billion […]

Tags:

Comments are closed.