Kinder Morgan Canada has successfully completed the construction of two additional tanks at its Base Line Terminal ahead of schedule.
The two tanks add an additional 800,000 barrels of crude storage to he 16 million barrels currently in operation.
“The team’s ability to deliver these assets early is great news for both customers and our business,” said John Schlosser, President, Terminals of Kinder Morgan Canada. “Bringing these tanks online ahead of schedule will allow us to benefit immediately from strong industry demand for crude storage.”
The Base Line Terminal, which commenced operations on January 15th, 2018, is a 50-50 crude oil merchant terminal joint venture with Keyera in Sherwood Park, Alberta. Once completed, the terminal will provide a total of 4.8 millions barrels of crude storage and will be comprised of twelve tanks, all of which are fully-contracted with long-term, firm take-or-pay agreements with creditworthy customers. The remaining six tanks are expected to be completed in the third and fourth quarters of 2018.
Base Line Terminal is connected by pipeline to Kinder Morgan’s Edmonton-area terminals and is capable of sourcing the majority of the crude streams handled by Kinder Morgan for delivery to multiple destinations, including but not limited to, Kinder Morgan’s Trans Mountain Pipeline, the 50%-Kinder Morgan-owned Alberta Crude and Edmonton Rail terminals, other Edmonton area facilities and major export pipelines.
For more information, visit: www.kindermorgan.com
17th Mar 2018