-- Kinder Morgan Inc. (KMI) won't participate in the deepwater crude export venture known as Texas COLT, Reuters reported Monday.

-- Project leader Enbridge Inc. (ENB) will buy Kinder Morgan's stake in the project, the report said.

-- A Kinder Morgan spokeswoman told Reuters "the project does not align with our strategic priorities."

www.reuters.com/article/us-enbridge-kinder-morgan-de-project/kinder-morgan-quits-enbridge-oiltanking-crude-export-venture-idUSKCN1R62JU

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

March 25, 2019 19:14 ET (23:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Enbridge (NYSE:ENB)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Enbridge Charts.
Enbridge (NYSE:ENB)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Enbridge Charts.