- Kinder Morgan’s (KMI +1.4%) proposed Gulf LNG export terminal in Mississippi moves toward receiving federal approval for construction after Federal Energy Regulatory Commission staff issues a draft environmental report.
- FERC staff concludes construction and operation of the project would result in some adverse environmental impacts which would be reduced to less-than-significant levels if KMI follows the recommendations in the draft report.
- Gulf LNG includes the Gulf LNG pipeline and two liquefaction trains each with the capacity to produce 5.75M metric tons/year of liquefied natural gas, equal to ~770M cf/day.
- KMI has not said when it likely would make a final investment decision to build Gulf LNG; project partners include units of Blackstone Group, Warburg Pincus and Lightfoot Capital Partners.