According to the company’s website press release on April 12, 2023, Kinder Morgan, Inc. (NYSE: KMI) announced the launch of a binding open season to solicit commitments to support a proposed expansion of a portion of its SFPP, L.P. (SFPP) pipeline system from El Paso, Texas to Tucson, Arizona. The open season began at 8 a.m. Central Time, April 12, 2023, and it is scheduled to end at 5 p.m. Central Time on May 26, 2023.
The expansion is estimated to provide approximately 10,000-12,000 barrels per day (bpd) on a gasoline equivalent basis of incremental capacity available for the transportation of gasoline, jet and diesel products from El Paso, Texas to Tucson, Arizona. However, the total amount of the expansion capacity available is scalable and will be dependent on the overall level of interest SFPP receives during the open season. The open season process provides potential shippers the opportunity to obtain firm capacity on the expansion by making ship-or-pay volume commitments to SFPP during the binding open season time frame.
Additional documents and details related to the open season will be made available upon execution of a confidentiality agreement with SFPP. Those interested in obtaining more detailed information about this open season and a copy of the form confidentiality agreement should contact Doug Meyers, director of business development in Kinder Morgan’s Products Pipelines group, at Doug_Meyers@kindermorgan.com or (713) 420-2856.
About Kinder Morgan
Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient, and environmentally responsible manner for the benefit of people, communities and businesses we serve. We own an interest in or operate approximately 82,000 miles of pipelines, 140 terminals, 700 billion cubic feet of working natural gas storage capacity and have renewable natural gas generation capacity of approximately 2.2 Bcf per year of gross production with up to an additional 5.2 Bcf in development. Our pipelines transport natural gas, renewable fuels, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, renewable fuel feedstocks, chemicals, ethanol, metals and petroleum coke. Learn more about our work advancing energy solutions on the lower carbon initiatives page at www.kindermorgan.com.
Important Information Relating to Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are generally not historical in nature. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize nor their ultimate impact on our operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2022 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on our website at ir.kindermorgan.com. Forward-looking statements speak only as of the date they were made, and except to the extent required by law, KMI undertakes no obligation to update any forward-looking statement because of new information, future events or other factors. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements.
Amy Baek
Media Relations
(713) 420-4644
Investor Relations
(800) 348-7320
