Tuesday, January 15, 2008

500 Mile Natural Gas Line: Colorado to Kansas!

A 500-mile new natural gas pipeline from Weld County in northern Colorado to Brown County, Kan., opened Jan. 12, Rockies Express Pipeline LLC said Monday.

The pipeline is expected to be open for 713 miles from Weld County to Audrain County, Mo., in early February.

The Rockies Express pipeline is a massive $4.4 billion, 1,678-mile natural gas pipeline carrying gas from western Colorado to Ohio that's scheduled to be complete in June 2009. When finished, the pipeline will have a capacity to move 1.8 billion cubic feet of natural gas a day.

Kinder Morgan Energy Partners operates the Rockies Express pipeline and owns 51 percent of the equity in the project, which will become 50 percent when construction of the entire project is completed. Sempra Pipelines & Storage, a unit of San Diego-based Sempra Energy (NYSE: SRE), has a 25 percent ownership interest in the project. ConocoPhillips (NYSE: COP), based in Houston, owns a 24 percent interest in the project, with an additional 1 percent interest to be acquired after the pipeline construction is completed.

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