Kinder Morgan has secured long-term committed volumes of 20,000 barrels per day on its Roanoke expansion projects on the Plantation Pipeline System following a successful open season.
The Plantation Pipe Line Company's investment in the project is $49 million. In addition, Kinder Morgan Southeast Terminal's investment, fully backed by 10,000 barrels per day of long-term committed volumes is $9 million.
With the successful open season, Plantation Pipe Line will submit the petition for declaratory order to the Federal Energy Regulatory Commission for approval of commercial terms for the project. Pending all regulatory approvals, the project is expected to be in full service by April 1, 2020.
James Holland, president, Kinder Morgan Products Pipelines, says: 'We are pleased with the successful Plantation Pipe Line open season and the opportunity to invest expansion capital to serve the Roanoke area's needs with reliable transportation and storage services in projects that meet our investment criteria.'
The expansion will provide 21,000 barrels per day of incremental refined petroleum products capacity on the Plantation from the Baton Rouge, Louisiana and Collins, Mississippi, origin points to the Roanoke, Virginia area. The expansion will primarily consist of additional pump capacity and operational storage on the Plantation system.
The Kinder Morgan Southeast Terminal expansion will provide 10,000 barrel per day of incremental refined product throughput capacity at the terminals.
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