Kinder Morgan Energy Partners, a transportation and energy storage company, has announced that Kinder Morgan Canada has begun construction on the second phase of the Trans Mountain pipeline system expansion.
The C$443 million (307 million) Anchor Loop project will increase oil capacity on Trans Mountain from around 260,000 to 300,000 barrels a day. The project is expected to be completed in November 2008.
'The Anchor Loop project will provide greater access for our customers to West Coast and east Asian markets,' Kinder Morgan Canada president Ian Anderson says. The project consists of looping 158 kilometres of the Trans Mountain Pipeline through Jasper National Park and Mount Robson Provincial Park.
Trans Mountain transports crude oil and refined products from Alberta to marketing terminals and refineries in British Columbia and Washington State, US.
Kinder Morgan Partnership owns an interest in or operates approximately 26,000 miles of pipelines and 150 terminals.