Midstream - Pipelines | Capital Markets | Private Equity Activity
Antero Awarded 100% Capacity of Kinder Morgan's TGP Pipeline
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Kinder Morgan Energy Partners, L.P. has reported that KMP's Tennessee Gas Pipeline Company has awarded Antero Resources 100 percent of the capacity offered in TGP's binding open season for its proposed Broad Run Flexibility and Broad Run Expansion Projects.
The open season, which closed April 11, totaled 790,000 dekatherms per day (Dth/d) for long-term firm capacity for 15 years on the Broad Run Lateral in West Virginia and on TGP's 100 and 500 mainlines. Anticipated capital cost of the projects totals approximately $782 million, which includes horsepower and piping modifications at existing stations, and one new compressor station on the Broad Run Lateral, all in West Virginia; two new TGP mainline compressor stations in Tennessee and Kentucky; and modifications to five existing mainline…
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