HOUSTON–(BUSINESS WIRE)–A subsidiary of Kinder Morgan, Inc. (NYSE: KMI) today announced the start of a binding open season to solicit interest for incremental firm natural gas transportation service on its Mier-Monterrey pipeline, which would expand capacity to approximately 1.340 billion cubic feet per day. The expansion project, which would be completed by the fourth quarter of 2017, will consist of the looping of the existing Mier-Monterrey pipeline system from the Mexico-United States border to Huinalá, Nuevo León, Mexico, and a new lateral from Pesquería, Nuevo León, Mexico, to Escobedo, Nuevo León, Mexico.
“We received significant interest from our initial open season on this project as natural gas demand in Mexico continues to increase,” said Kinder Morgan Natural Gas Midstream President Duane Kokinda. “The proposed looping project utilizes and expands upon our existing assets to provide a low-cost option for additional capacity to transport natural gas produced in the United States to the growing industrial and power-generating markets in and around Monterrey, Nuevo León.”
The open season bid period begins on Aug. 13, 2015, and ends at 5 p.m. Central Time on Aug. 22, 2015. Interested parties should submit their written request for the Binding Bidding Guidelines to Alex Araya, director of marketing and transport for Kinder Morgan Midstream, at firstname.lastname@example.org or (713) 369-8820. For more information on the open season, visit www.kindermorgan.com.
KMI subsidiary Kinder Morgan Gas Natural de México S. de R.L. de C.V. owns and operates the 85-mile Mier-Monterrey pipeline, which has been in service since 2003 and stretches from the International Border between the United States and Mexico in Starr County, Texas, to Monterrey, Mexico. The pipeline connects to a 1,000-megawatt power plant complex and to the Pemex natural gas transportation system.
Kinder Morgan, Inc. (NYSE: KMI) is the largest energy infrastructure company in North America. It owns an interest in or operates 84,000 miles of pipelines and 165 terminals. The company’s 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. Kinder Morgan is the largest midstream and third largest energy company in North America with an enterprise value of approximately $130 billion. For more information please visit www.kindermorgan.com.