- Kinder Morgan (KMI, KMP) is designing its Trans Mountain pipeline expansion with room to add another 240K bbl/day even as it seeks approval to nearly triple oil deliveries on the existing system.
- The expansion scenario is buried near the end of a response the company filed with regulators this month as part of an ongoing review of a $5.4B plan to increase capacity of the Edmonton-to-Vancouver oil pipeline to 890K bbl/day from 300K.
- The expanded blueprint would increase capacity on the pipeline network to 1.13M bbl/day, roughly equal to all crude oil pumped from conventional wells in Canada in 2012.
- The potential expansion is sure to inflame already heated opposition among environmental groups, First Nations and some municipalities.
at CNBC.com (Nov 10, 2014)