KM’s THIRD Binding Open Season for Utica/Marcellus NGL Pipeline

third time's a charmKinder Morgan announced yesterday they are extending the current binding open season for the proposed Utica Marcellus Texas Pipeline (UMTP) project. Which is not a very good sign in our humble opinion. Before it was called the UMTP, Kinder Morgan’s proposed NGL pipeline, that will run from the Marcellus/Utica all the way to the Gulf Coast, was called the Y-Grade Pipeline and had its first binding open season at the end of 2013 (see Kinder Morgan/MarkWest Proposed NGL Pipeline Gets a Nickname, Map). Then in June of this year, with no mention of the first open season, Kinder ran a second binding open season for the pipeline (see KM’s SECOND Binding Open Season for Utica/Marcellus NGL Pipeline). Now they’re “extending” it–which in our book equals the third open season. Which means they aren’t getting enough customers to sign up to use it…

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