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Kinder Morgan joint venture launches open season for $1.75B Texas pipeline

Gulf Coast Express Pipeline LLC, a joint venture owned by Kinder Morgan Inc., DCP Midstream LP and Targa Resources Corp. affiliates, commenced a binding open season for 220,000 Dth/d of natural gas transportation service on a pipeline project in Texas.

The Gulf Coast Express Pipeline Project, or GCX project, would carry gas from the Waha, Texas, production area to the market hub near Agua Dulce, Texas, according to a Feb. 5 news release. The joint venture added 60,000 Dth/d of capacity to the available 220,000 Dth/d due to strong market demand, increasing the project's total design capacity to 1.98 Bcf/d.

The GCX project is estimated to cost $1.75 billion. The entities owning the joint venture recently made a final investment decision on the pipeline project after obtaining enough shipper support, and construction is expected to begin in the first quarter.

The open season is scheduled to run from Feb. 5 to 6 p.m. ET on March 1.

Kinder Morgan, DCP Midstream and Targa are all involved in storage, transportation and other energy midstream operations across North America.