Gulf Coast Express Pipeline Announces Open Season for Expansion Project
May 16 2022 - 4:05PM
Business Wire
Increasing natural gas deliveries to the
South Texas markets
Gulf Coast Express Pipeline LLC (GCX) today announced an open
season to solicit commitments for an expansion project on its
system. Upon achieving a final investment decision (FID), the
project will increase GCX’s capacity by nearly 570 million cubic
feet per day (MMcf/d).
The project will involve primarily compression expansions on the
GCX system to increase natural gas deliveries from the Permian
Basin to South Texas markets. Pending customer commitments, the
target in-service date for the project is December 1, 2023.
The open season begins May 16, 2022, and ends June 6, 2022, at 5
p.m. Central Time, though GCX reserves the right to extend the open
season as needed. Those interested in obtaining more detailed
information about this open season can visit this page on the
Kinder Morgan website or contact Enrique Valencia, Director of
Business Development in Kinder Morgan’s Natural Gas group at
713.420.5017 or Enrique_Valencia@kindermorgan.com.
GCX is jointly owned by subsidiaries of Kinder Morgan, Inc.
(NYSE: KMI), DCP Midstream, LP (NYSE: DCP), an affiliate of
ArcLight Capital Partners, LLC, and Kinetik Holdings Inc. (NASDAQ:
KNTK) with an ownership interest of 34%, 25%, 25% and 16%
respectively. Kinder Morgan Texas Pipeline (KMTP) is the operator
of GCX.
About Kinder Morgan,
Inc.
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 the people,
communities and businesses we serve. We own an interest in or
operate approximately 83,000 miles of pipelines, 141 terminals, and
700 billion cubic feet of working natural gas storage capacity. Our
pipelines transport natural gas, refined petroleum products, crude
oil, condensate, CO2 and other products, and our terminals store
and handle various commodities including gasoline, diesel fuel,
chemicals, ethanol, metals and petroleum coke. Learn more about our
renewables initiatives on the low carbon solutions page at
www.kindermorgan.com.
About DCP Midstream, LP
DCP Midstream, LP (NYSE: DCP) is a Fortune 500 midstream master
limited partnership headquartered in Denver, Colorado, with a
diversified portfolio of gathering, processing, logistics and
marketing assets. DCP is one of the largest natural gas liquids
producers and marketers and one of the largest natural gas
processors in the U.S. The owner of DCP’s general partner is a
joint venture between Enbridge and Phillips 66. For more
information, visit the DCP Midstream, LP website at
www.dcpmidstream.com.
About ArcLight Capital Partners,
LLC
ArcLight Capital Partners, LLC (ArcLight) is one of North
America’s leading energy infrastructure firms, helping pioneer an
asset-based approach to investing in the energy sector. ArcLight
has invested approximately $25 billion in 117 transactions since
inception. Based in Boston, the firm's investment team employs a
hands-on value creation strategy that utilizes its in-house
technical, operational, and commercial specialists, as well as the
firm's 1,500-person asset management affiliate. More information
about ArcLight can be found at www.arclight.com.
About Kinetik Holdings
Inc.
Kinetik is a fully integrated, pure-play, Permian-to-Gulf Coast
midstream C-corporation operating in the Delaware Basin. Kinetik is
headquartered in Houston and Midland, Texas. Kinetik provides
comprehensive gathering, transportation, compression, processing
and treating services for companies that produce natural gas,
natural gas liquids, crude oil and water. Kinetik posts
announcements, operational updates, investor information and press
releases on its website, www.kinetik.com.
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Kinder Morgan Contacts
Victoria Oddi Media Relations (713) 420-7641
newsroom@kindermorgan.com Investor Relations (800) 348-7320
km_ir@kindermorgan.com www.kindermorgan.com DCP Midstream Contacts Jeanette Alberg Media
Relations (303) 605-3424 jaalberg@dcpmidstream.com Michael Fullman
Investor Relations (303) 605-1628 mfullman@dcpmidstream.com
www.dcpmidstream.com ArcLight
Contacts Media Relations media@arclight.com Terry
Wetterman Investor Relations investorrelations@arclight.com
www.arclight.com Kinetik
Contacts Jim Schwartz Media Relations (713) 487-4838
jschwartz@kinetik.com Maddie Wagner Investor Relations (713)
487-4832 mwagner@kinetik.com www.kinetik.com/
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