Kinder Morgan Greenlights $3.1B Pipe to Flow M-U Gas to Southeast

Kinder Morgan, the country's biggest natural gas pipeline operator (it moves about 40% of all the gas produced in the U.S.), reported record third-quarter results yesterday. Nice for shareholders. But the real news for MDN readers is buried in the project list. Kinder's Southern Natural Gas (SNG) unit has made a final investment decision (FID) to build the Southeast Connector, a 2.6 Bcf/d (billion cubic feet per day) pipeline the company says will deliver "abundant Marcellus/Utica supply" to the Southeast. And Kinder's Tennessee Gas Pipeline (TGP) says its proposed 219 South project, which would also move M-U gas south, drew four times more interest than the capacity it offered. Translation: the South wants our gas, and Kinder is building the straws.

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