August 8, 2014 [OPIS] - Kinder Morgan Energy Partners L.P. said on Thursday that its 50-50 joint venture with Imperial Oil Limited has entered into additional firm take or pay agreements with strong, credit worthy oil company majors sufficient to allow a planned expansion project to move forward by adding incremental capacity of 110,000 b/d at the Edmonton Rail Terminal.
The terminal in Strathcona County, Alberta, is now almost a year into construction. The Edmonton Rail Terminal will increase its capacity at startup in the first quarter of 2015 to over 210,000 b/d and potentially up to 250,000 b/d.
The terminal will be connected via pipeline to Kinder Morgan’s adjacent Edmonton storage terminal and will be capable of sourcing all crude streams handled by Kinder Morgan for delivery by rail to North American markets and refineries. The rail terminal is being constructed and will be operated by Kinder Morgan, and will connect to both Canadian National and Canadian Pacific mainlines.
Including the addition of the expanded capacity, KMP’s investment in the project now totals approximately $232 million.
