Kinder Morgan Plans For Elba, Gulf LNG

摘要

Besides more than the 43,000 miles of gas pipelines that will bring the combined system to 67,000 miles crossing about 35 of the US lower 48 states, Kinder Morgan's $38 billion acquisition of El Paso also includes two LNG import terminals: Elba Island at Savannah, Georgia, and a 50% stake in Gulf LNG, operator of the Angola LNG-associated Pascagoula LNG terminal in Mississippi. Kinder Morgan Chief Executive Rich Kinder tells WGI that plans are to keep the two facilities because they operate under the company's business model. "They are fee-based and fully subscribed," he explained.