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Kinder Morgan sees little damage Ike – Petcoke?

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This topic contains 0 replies, has 1 voice, and was last updated by  Charles Randall 14 years, 4 months ago.

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    Charles Randall

    <KM, as you know, is also largest handler of Petroleum coke in world & this doesnt say what status of the KM bulk terminals was – but I am checking to find out & if the storm surge contaminated any of the stored petcoke.  (KM handles nearly 18 million mtpy of petcoke and most of the US 22-24 million mtpy bulk exports of petroleum coke) Reading between the lines on this news item – it would say that the petcoke storage is ok. – CRandall comments>
    Kinder Morgan Sees Little Damage From Hurricane Ike (Update1)

    By Jordan Burke
         Sept. 15, 2008 (Bloomberg)
    — Kinder Morgan Energy Partners LP,
    the largest publicly traded pipeline partnership, said its assets
    sustained “only relatively minor damage” from Hurricane Ike
         Plantation Pipeline Co., which transports refined petroleum
    products in the southeastern U.S., is delivering about 60 percent
    of its typical volume because of limited refinery supply in
    Louisiana after Hurricane Gustav, Houston-based Kinder Morgan
    said today in a statement. Kinder Morgan owns 51 percent of
    Plantation Pipeline.
         Some terminals in the U.S. Southeast also are “experiencing
    tight gasoline supplies as a result of reduced refinery
    supplies,” the partnership said.
         Kinder Morgan’s terminal complex on the Houston Ship Channel
    had no significant damage and may be ready to resume outbound
    pipeline deliveries today
    , according to the statement.
         The Texas intrastate gas pipeline system and Natural Gas
    Pipeline Co. of America are transporting reduced volumes, the
    partnership said. Natural Gas Pipeline is operated by Knight
    Inc., which owns the general partner of Kinder Morgan.
         “While the company continues to assess the damage from
    Hurricane Ike, it does not expect the storm will have a material
    adverse impact on KMP’s financial results
    ,” Kinder Morgan said.

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