HOUSTON, May 13 (Reuters) – Kinder Morgan Energy Partners LP will build nine new storage tanks at its Galena Park terminal along the Houston Ship Channel and construct a new barge dock at its terminal in Pasadena east of Houston, the company said on Monday.
The projects come as crude and condensate output from the Eagle Ford shale oil play in Texas is booming and in turn prompting infrastructure to catch up and to move it to markets.
Kinder Morgan said it would invest $106 million to buy about 20 acres of land adjacent to the Pasadena terminal to support a future crude and condensate terminal that can handle 10 tanks with 150,000 barrels of capacity each. That project would be connected to the Explorer Pipeline, the company said.
The nine new tanks at the Galena Park terminal will have a storage capacity of 1.2 million barrels.
The new barge dock will enhance existing infrastructure at Kinder Morgan’s Pasadena terminal, the company said, with capacity to handle up to 50 barges each month.
Last month Kinder Morgan Chief Executive Rich Kinder said a lot of producers want to move crude and condensate output from the Eagle Ford shale oil play in Texas to the Houston Ship Channel.
(c) 2013 Thomson Reuters, Click For Restrictions
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,741 members that receive our newsletter.
Have a news tip? Let us know.
U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.
U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns.
Mexico is working with the United States to reach an agreement on tariffs before an impending deadline, a senior Mexican government official said on Wednesday, and the U.S. recognized its work to control migration and fentanyl trafficking.
Maritime and offshore news trusted by our 108,741 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
