Gulf Coast Express Begins Open Season
Gulf Coast Express Pipeline, a joint venture owned by affiliates of Kinder Morgan, DCP Midstream and Targa Resources, began a binding open season for 220,000 Dth/d of firm natural gas transportation service on the Gulf Coast Express Pipeline Project (GCX Project), which will transport natural gas from the Waha, Texas, production area to the market hub near Agua Dulce, Texas, once built.
Of the available capacity, 60 Dth/d have been added to the project due to strong market demand. With the added capacity, the GCX Project will have a total design capacity of 1.98 Bcf/d at an estimated cost of $1.75 billion.
As previously announced in December 2017, KMI, DCP Midstream and Targa jointly made a final investment decision (FID) to proceed with the GCX Project, with construction activities slated for the first quarter of 2018. The open season ends March 1 at 5 p.m. CST. The in-service date of October 2019 remains the same, pending the receipt of regulatory approvals.
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