Kinder Morgan Joint Venture With MarkWest Continues to Progress

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From SNL Financial:
Speaking on an Oct. 16 third-quarter earnings conference call led by CEO Richard Kinder, the company provided an update on the plans that were announced on Aug. 7 after Kinder Morgan signed a letter of intent to form a joint venture with MarkWest Energy Partners LP to pursue projects that include both new fractionation capacity and shipping capacity of Y-grade from the Marcellus and Utica shales to the Gulf Coast. 
Adding new fractionation capacity will be the first project, which is slated to consist of a new 400-MMcf/d cryogenic processing complex in Tuscarawas County, Ohio. The site would utilize an existing 220-acre site that Kinder Morgan has under option. 
"The JV would expect the initial 200 MMcf/d cryogenic processing plant to be in service by the fourth quarter of 2014 with the second 200 MMcf/d plant in-service shortly thereafter, subject to timing of customer commitments," the two parties said at the time of the announcement. "The existing 220-acre site is expandable and could accommodate more than 1 [Bcf/d] of processing capacity." 
The second project is the development of an initial 200,000-barrel-per-day natural gas liquids pipeline that originates at the planned joint venture processing facilities in Ohio and transports NGLs to Gulf Coast fractionation facilities. The pipeline's capacity could be expanded to 400,000 bbl/d with the use of additional pump stations.
You can read the entire article here. 

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