Kinder Morgan Announces Final Investment Decision on Trans Mountain Pipeline Pending IPO Outcome
Kinder Morgan Announces Final Investment Decision on Trans Mountain Pipeline Pending IPO Outcome
SUGAR LAND--May 30, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) last week announced that it had made a final investment decision on the expansion of the Trans Mountain Pipeline in Canada. The expansion will increase the pipeline's capacity from 300,000 barrels per day (BBL/d) of crude oil to 890,000 BBL/d, providing producers in Alberta's oil sands more access to Canada's west coast for export, as well as increased access to the United States.
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