Kinder Morgan subsidiary moves forward with $1.4b Mississippi Crossing Project

Investing.com -- Kinder Morgan (NYSE:KMI )'s Tennessee Gas Pipeline (TGP) has confirmed it will move ahead with its Mississippi Crossing Project (MSX Project).

The decision comes after the company secured long-term, binding transportation agreements with customers for all the project's capacity.

The MSX Project, which is estimated to cost around $1.4 billion, aims to transport up to 1.5 billion cubic feet per day (Bcf/d) of natural gas .

The project involves the construction of nearly 206 miles of pipeline, with diameters of 42-inch and 36-inch, and the establishment of two new compressor stations.

The pipeline's route will begin near Greenville, Mississippi, and end near Butler, Alabama. It will connect to the existing system of TGP and other third-party pipelines.

The project is scheduled to be operational by November 2028.

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Source: Investing.com