Kinder Morgan Exits Oiltanking Crude Oil Export Project, Paving the Way for More Attractive Options
Kinder Morgan has exited the Texas COLT crude oil export terminal, indicating that it does not align with its strategic priorities as well as citing a lengthy permitting process. This shift confirms our expectations that the project is one of the less attractive export efforts under consideration in the midstream industry at the moment. Enbridge has agreed to purchase Kinder Morgan's stake in the project, leaving Enbridge and Oiltanking Partners (a German storage firm) as the remaining partners....Enterprise Products Partners is a provider of midstream energy services to producers and consumers of natural gas, natural gas liquids (NGLs), crude oil, petrochemicals and refined products. The company's midstream energy operations include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage, and export and import terminals; crude oil gathering, transportation, storage, and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals, and related services; and a marine transportation business that operates primarily on the U.S. inland and Intracoastal Waterway systems.
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