According to a release on the Kinder Morgan website, Gulf Coast Express Pipeline LLC (GCX) has launched an open season to solicit commitments for an expansion project on its system.
According to the release, the project will increase GCX’s capacity by nearly 570 million cubic feet per day upon achieving a final investment decision.
The project is claimed to have generated 2,500 jobs for the local community during the construction phase and 15 full-time jobs after commencing operations.
With a target in-service date for Dec 1st 2023 (pending customer commitments), the project will involve primarily compression expansions on the GCX system to increase natural gas deliveries from West Texas (Permian Basin) to South Texas markets.
The open season begins May 16, 2022, and ends June 6, 2022, at 5 p.m. CT, though GCX reserves the right to extend the open season as needed.
GCX is jointly owned by subsidiaries of Kinder Morgan, Inc. (NYSE: KMI), DCP Midstream, LP (NYSE: DCP), an affiliate of ArcLight Capital Partners, LLC, and Kinetik Holdings Inc. (NASDAQ: KNTK) with an ownership interest of 34%, 25%, 25% and 16% respectively. Kinder Morgan Texas Pipeline (KMTP) is the operator of GCX.
More on Kinder Morgan here.