Kinder Morgan Applauds Travis County District Court Ruling
07.08.2019 By Ricardo Perez - NEWS

July 8, 2019 [Tank News International] – Kinder Morgan, Inc. has issued the following statement after the Travis County District Court dismissed all claims made against the Permian Highway Pipeline (PHP) Project.

 
Kinder Morgan is very pleased with the ruling made by the Travis County District Court,” said Tom Martin, President of Natural Gas Pipelines for KMI. “The court’s finding validates the process established in Texas for the development of natural gas utility projects, as well as the steps we have taken to comply with that process. We will continue to engage all stakeholders as we work to complete PHP.

The eminent domain process ensures that no single landowner can block critical infrastructure necessary to moving the energy needed to heat and cool homes, schools, businesses and public buildings in Texas – while providing substantial local and state revenues.

The PHP project is an approximately $2 billion project that will help provide the infrastructure needed to allow further development of the Permian Basin in West Texas by providing an outlet for increased Permian natural gas production to growing market areas along the Texas Gulf Coast and Hill Country area.

Throughout its development, the route has been carefully evaluated to minimise potential impacts to the environment and landowners, while also being cost-effective and constructible. Upon completion, PHP will transport up to 2.1 billion cubic feet per day (Bcf/d) of dry natural gas, and only dry natural gas, through approximately 430 miles of 42-inch pipeline from the Waha, Texas area to the Katy, Texas area, Texas Gulf Coast markets, and Hill Country area.

The project is expected to provide almost $1 billion in additional revenue each year to the state of Texas and its counties to support local schools, first responders and other vital needs. Additionally, individual leaseholders are projected to receive more than $2 billion per year in new oil and natural gas royalties.

 
————-
 
Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial

Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases, Sources Say
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Egypt is in talks with U.S. and other foreign companies to purchase ... Read More
INEOS and GNFC Sign a Memorandum of Understanding to Build a New World Scale Acetic Acid Unit in India
11.21.2024 - NEWS
November 21, 2024 [INEOS]- INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals L... Read More
Peru's State Oil Firm Could Open to Private Investors in 2025, Chairman says
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Peru’s indebted state-run oil firm could consider offering a ... Read More
China Crude Oil Imports Set for November Rebound, But It's Price not Demand
11.21.2024 - NEWS
November 21, 2024 [Reuters]- China’s crude imports are on track to rebound in November to t... Read More