LNG

Kinder Morgan, the US pipeline and energy company, said it had taken the final investment decision with partners to proceed with the $1.7-billion Gulf Coast Express Pipeline Project that will boost natural gas supplies from the Permian Basin for LNG export plants and domestic users after having secured sufficient firm transportation agreements with shippers.

US pipeline operator Kinder Morgan and two other companies have signed an accord to develop the Gulf Coast Express Pipeline Project as an outlet for increased natural gas production from the Permian Basin for LNG export plant developers in Texas and for the Mexican pipeline market.