Richard Kinder: Northeast Energy Direct to Proceed Later This Yr

Richard Kinger, CEO of the country’s largest midstream company, Kinder Morgan, went on CNBC on Wednesday to chat about the price of oil and its “sweet spot” and other things. It was Kinder’s Kinder’s comments on his company’s future plans for the Marcellus/Utica region that most interested MDN. Topic A was Kinder’s plans to run an extension of the Tennessee Gas Pipeline into New England, the Northeast Energy Direct project (NED). Kinder said that project is very close to critical mass and should launch later this year, provided FERC approves it…

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