October 24, 2014 [OPIS] - Kinder Morgan Energy Partners is aiming to complete its oil products terminal storage expansion and marine docks project at Pasadena and Galena Park terminals by the end of 2016, a company spokeswoman told OPIS on Thursday.
“The majority of construction is expected to be complete and in service in 2016,” she said.
Last week, Kinder Morgan said that the combined expansion investment of approximately $240 million will include the construction of 2.1 million bbl of storage between the two terminals.
Kinder Morgan will also construct a new ship dock capable of handling oceangoing vessels and infrastructure improvements at its Galena Park terminal that will significantly increase the vessel load rates across the existing ship docks.
The project is backstopped by long-term contracts with existing customers.
The new ship dock and the existing Galena Park ship docks will be capable of loading vessels at rates up to 15,000 bbl per hour.
“The new tankage will provide refined-product producers and traders the ability to send more barrels to the water for international exports or to the network of pipelines for domestic use,” said John Schlosser, president of Kinder Morgan Terminals.
“Kinder Morgan will now have nine ship docks on the Houston Ship Channel and will double the load rates on existing docks. We see continuing strong demand for transporting fuel to the Gulf Coast to reach export markets,” he said.
