HOUSTON--(BUSINESS WIRE)--Jun. 22, 2009-- Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced that the 133-mile Kinder Morgan Louisiana Pipeline project has been completed and commenced service on Sunday, June 21. The 42-inch diameter line will transport natural gas to multiple pipelines from the Cheniere Sabine Pass liquefied natural gas terminal located in Cameron Parish, La. All of the 3.2 billion cubic feet per day of capacity on the pipeline is subscribed by Chevron and Total under 20-year contracts.
“We are delighted that the Kinder Morgan Louisiana Pipeline is now in service,” said
Steve Kean, president of Kinder Morgan’s Natural Gas Pipelines group. “This is the first of three large natural gas pipeline projects that we expect to complete this year.” He noted that the final leg of Midcontinent Express Pipeline is expected to be in service by Aug. 1 and that the final leg of Rockies Express Pipeline is expected to be in service by Nov. 1.
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline transportation and energy storage company in North America. KMP owns an interest in or operates more than 26,000 miles of pipelines and 170 terminals. Its pipelines transport natural gas, gasoline, crude oil, CO2 and other products, and its terminals store petroleum products and chemicals and handle bulk materials like coal and petroleum coke. KMP is also the leading provider of CO2 for enhanced oil recovery projects in North America. One of the largest publicly traded pipeline limited partnerships in America, KMP has an enterprise value of over $20 billion. The general partner of KMP is owned by Knight Inc. (formerly Kinder Morgan, Inc.), a private company.
This news release includes forward-looking statements. Although Kinder Morgan believes that its expectations are based on reasonable assumptions, it can give no assurance that such assumptions will materialize. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein are enumerated in Kinder Morgan’s Forms 10-K and 10-Q as filed with the Securities and Exchange Commission.
Source: Kinder Morgan Energy Partners, L.P.
Kinder Morgan Energy Partners, L.P.
Media Relations
Joe Hollier, 713-369-9176
or
Investor Relations
Mindy Mills, 713-369-9490
www.kindermorgan.com
