Kinder Morgan launches ambitious pipeline project in the USA

Tennessee Gas Pipeline, a subsidiary of Kinder Morgan, has announced the final investment decision for the MSX project after thorough review. The announcement followed securing long-term, binding transportation agreements with customers that cover the entire capacity of this project. Sital Mody, President of Natural Gas Pipelines, emphasized the benefits of the project for the southeastern region of the USA. Thanks to the new project, diverse energy sources will become more accessible, which will both meet the increasing energy demand and reduce energy costs. This creates new opportunities for residential, commercial, and industrial projects through improved energy availability. There is also the prospect of additional long-term commitments of up to 0.4 billion cubic feet per day, which may require further investments in additional compression power. With estimated costs of about $1.4 billion, the MSX project is designed to transport up to 1.5 billion cubic feet of natural gas daily. The construction works include 206 miles of pipelines as well as the establishment of two new compressor stations and extend from Greenville, Mississippi to Butler, Alabama. The Mississippi Crossing project is expected to go into operation in November 2028 after receiving all necessary permits. It will create connections to existing Tennessee gas pipeline systems as well as third-party pipelines and provide access to major supply sources. Kim Dang, CEO of Kinder Morgan, emphasized the robust development of the natural gas sector with expected growth over the next five years through LNG exports, exports to Mexico, and power generation. With today's announcement, Kinder Morgan has approved approximately $3.1 billion for the expansion of the SNG South System 4 and the Mississippi Crossing Project, with further future projects in planning.