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Kinder Morgan Partners with Battleground Oil to Construct New Ship Channel Terminal

Kinder Morgan, Inc. Battleground Oil Specialty Terminal Company
AnnouncedJan 16, 2011
TypeJV
Announced Date
January 16,2011
Close Date
January 16,2011
Transaction Type
JV




Snapshot
Location
Country
United States

State
Texas


Transaction Details:  Subscribe to see

Kinder Morgan Energy Partners, L.P. today announced its participation in Battleground Oil Specialty Terminal Company, LLC (BOSTCO), a venture with TransMontaigne Partners L.P. that is planning to construct, own and operate a new, approximately $400 million oil terminal on the Houston Ship Channel. The initial phase of the project currently includes construction of 52 storage tanks that will have a capacity of 6.6 million barrels for handling residual fuel and other black oils. Terminal service agreements and/or letters of intent have been executed with customers for almost all of the capacity.

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