Kinder Morgan Energy Partners, L.P. has successfully closed a binding open season for the Palmetto Project and received committed volumes from shippers sufficient to support the project. The Palmetto Project will provide shippers a new refined products pipeline service to move gasoline, diesel and ethanol from Louisiana, Mississippi and South Carolina to points in South Carolina, Georgia and Florida. The open season closed on Oct. 30.

'We are pleased that we received sufficient shipper commitments to proceed with the project, and we will be notifying shippers of awarded capacity in November,' said Ron McClain, president of Products Pipelines for KMP. 'Contract terms will range from five to 10 years per shipper, and the project remains on track for an in-service date of July 2017, pending regulatory approvals.'

Tags: Kinder Morgan Energy Partners