Kinder Morgan Energy Partners Announces Expansions at Pasadena and Galena Park Terminals on the Houston Ship Channel

HOUSTON--(BUSINESS WIRE)--Kinder Morgan Energy Partners, L.P. (NYSE: KMP) today announced an expansion project at its Pasadena and Galena Park terminals that will provide additional infrastructure to help meet growing demand for refined product storage and dock services along the Houston Ship Channel. The combined investment of approximately $240 million will include the construction of 2.1 million barrels of storage between the two terminals. Kinder Morgan will also construct a new ship dock capable of handling ocean going vessels and infrastructure improvements at its Galena Park Terminal that will significantly increase the vessel load rates across the existing ship docks. The project is backstopped by long-term contracts with existing customers. The new ship dock and the existing Galena Park ship docks will be capable of loading vessels at rates up to 15,000 barrels per hour.