Changes

Jump to navigation Jump to search

Kinder Morgan Energy Partners

553 bytes removed, 21:10, 23 May 2015
==Coal exports==
At a 2011 investor conference, KMP representatives said demand for coal exports will be a driver of future growth for the Terminals segment, and that the company had entered into two significant contracts with customers to handle coal and is actively pursuing additional coal export opportunities:.<ref name=isa>[http://www.istockanalyst.com/business/news/5077203/kinder-morgan-energy-partners-increases-quarterly-distribution-to-1-14-per-unit "Kinder Morgan Energy Partners Increases Quarterly Distribution to $1.14 Per Unit"] istockanalyst, April 20, 2011.</ref>
===Myrtle Grove===
===Port of Houston===
In late April 2011 Kinder Morgan Energy Partners stated that the company will begin exporting Colorado mined coal through its bulk terminal at the Port of Houston in Houston, Texas. According to its first quarter earnings report, Kinder wrote that they had signed an agreement with a “large western coal producer” and will invest about $18 million to expand the ship channel facility. Kinder stated it will be the first time Western coal will be exported from the Port of Houston. In February 2011, Kinder Morgan inked a deal with [[Massey Energy]] to export up to 6 million tons of coal annually through Kinder’s Myrtle Grove, La., facility.<ref>[http://www.bizjournals.com/houston/news/2011/04/25/kinder-to-export-coal-from-port-of.html "Kinder to Export Coal from Port of Houston"] Casey Wooten, Business Journal, April 25, 2011.</ref>
On July 17, 2012, [[Peabody Energy]] announced that, under new agreements with Kinder Morgan Energy Partners, it would gain additional coal export capacity from Kinder Morgan's [[Deepwater Terminal]] and [[Houston Bulk Terminal]] in Texas. The company expected to begin shipping [[Colorado and coal|Colorado]] and [[Powder River Basin]] coal through the Houston terminal in 2014. To facilitate the Gulf Coast export expansion, Peabody secured a rail service agreement with [[Union Pacific Railroad]] to transport coal from its Colorado mines to Kinder Morgan's Houston terminals. Kinder Morgan also plans agreed to invest roughly $400 million in its Gulf Coast terminals. The planned expansion would more than double Peabody's export capacity along the Gulf Coast to between 5 million and 7 million ton per year expansions tons annually between 2014 and 2020. In 2011, Peabody shipped 6.6 million tons of coal through export facilities at terminals on the Charleston SC Shipyard River Terminal Atlantic, Pacific and at Gulf coasts. Much of the Fairless Hills Terminal in Philadelphia PA in 2011coal being shipped from Texas and Louisiana would serve Peabody's European markets.<ref> Daniel Cusick,[http://www.googleeenews.comnet/public/climatewire/2012/07/18/2 "Peabody to boost exports from Gulf Coast as Pacific Northwest terminal plans stall,"] ClimateWire, July 18, 2012.</url?sa=X&q=ref><ref>[http://wwwin.steelgurureuters.com/sfTCPDFarticle/2012/getPDF07/MjA3NDMx17/CSX_eying_at_least_two_more_eastern_export_terminals.html&ct=ga&cad=CAcQARgBIAEoATAAOABAxN_C7wRIAVgAYgVlbi1VUw&cd=hwLNr383opI&usg=AFQjCNE4yLOwQhdf24iDfeZpFF2vFqSeswpeabodyenergy-brief-idINL4E8IH2RT20120717 "Peabody Energy, Kinder Morgan sign coal export deal"] Argus MediaReuters, May 29July 17, 20112012. </ref>
On July 17, ===Illinois===In 2012, [[Peabody Energy]] announced that, under new agreements with Kinder Morgan Energy Partners, said it would gain additional coal export capacity from Kinder Morgan's [[Deepwater Terminal]] and [[Houston Bulk Terminal]] in Texas, as well as increased access to the [[Myrtle Grove Midstream Terminal|International Marine Terminal]] at Myrtle Grove, Louisiana, south of New Orleans. The company expected to begin shipping [[Colorado and coal|Colorado]] and [[Powder River Basin]] coal through the Houston terminal in 2014. Shipments of Colorado and Powder River Basin coal from Louisiana will begin around the same time, and Peabody will extend contracts at the [[Cora River terminal]] in Illinois to facilitate shipments of [[Illinois and coal|Illinois Basin coal]] for domestic and international markets. To facilitate the Gulf Coast export expansion, Peabody secured a rail service agreement with [[Union Pacific Railroad]] to transport coal from its Colorado mines to Kinder Morgan's Houston terminals. Kinder Morgan also agreed to invest roughly $400 million in its Gulf Coast terminals. The planned expansion would more than double Peabody's export capacity along the Gulf Coast to between 5 million and 7 million tons annually between 2014 and 2020. In 2011, Peabody shipped 6.6 million tons of coal through export terminals on the Atlantic, Pacific and Gulf coasts, and it has projected total exports of 10 million tons for 2012. Much of the coal being shipped from Texas and Louisiana will serve Peabody's European markets.<ref>Daniel Cusick,[http://www.eenews.net/public/climatewire/2012/07/18/2 "Peabody to boost exports from Gulf Coast as Pacific Northwest terminal plans stall,"] ClimateWire, July 18, 2012.</ref><ref>[http://in.reuters.com/article/2012/07/17/peabodyenergy-brief-idINL4E8IH2RT20120717 "Peabody Energy, Kinder Morgan sign coal export deal"] Reuters, July 17, 2012.</ref>
===Port of St. Helens===
editor
31,976

edits

Navigation menu