Permian Pass Gas Pipeline

From Global Energy Monitor
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Permian Pass Gas Pipeline is a proposed natural gas pipeline in the Permian Basin, USA.[1]

Location

The pipeline will transport natural gas from the West Texas shale play to interstate pipelines and LNG export terminals in Louisiana and East Texas.[2] The pipeline's route is unclear.

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Project Details

  • Parent Company: Kinder Morgan[1]
  • Capacity: 2,000 million cubic feet per day[3]
  • Status: Proposed[3]
  • Start Year: 2023[3]

Background

In March 2020, Kinder Morgan's Chief Strategy Officer told analysts at the Credit Suisse Energy Summit in Vail, Colorado, that the company would not build the Permian Pass project until they've acquired solid long-term contracts for the project. He stated that the project faced an uncertain future since they've found no potential customers for the project in the low-price environment.[1]

In July 2020 as Kinder Morgan posted its Q2 2020 results, an industry source told Reuters that, due to ongoing uncertainties over the Permian Pass project, the final investment decision would likely be delayed for at least a further two years.[4]

Articles and resources

References

  1. 1.0 1.1 1.2 Kinder Morgan uncertain about proposed Texas Permian Pass natgas pipeline, Reuters, March 20, 2020
  2. Kinder Morgan assess options for Permian Pass, Pipelines International, March 13, 2020
  3. 3.0 3.1 3.2 Natural Gas Data, Pipeline Projects Energy Information Agency, July 21, 2020
  4. Arundhati Sarkar, Kinder Morgan posts quarterly loss on $1 billion impairment charge, Reuters, Jul. 22, 2020

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External resources

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