Kinder Morgan says BOSTCO terminal fully subscribed, to begin service

theflyonthewall.com

Kinder Morgan Energy Partners (KMP) announced commercial operations are underway for phase one at the Battleground Oil Specialty Terminal Company, or BOSTCO, project on the Houston Ship Channel. KMP owns a 55% interest along with joint venture partner TransMontaigne Partners (TLP). Approximately 20 of the 51 storage tanks built during phase one construction are being placed into service this month, and the remaining tanks will come online during the next six months. A two-berth ship dock and 12 barge berths are also scheduled to be in service this month. The BOSTCO terminal is fully subscribed for a total capacity of 7.1M barrels, including the project's phase two expansion. Phase two of construction at BOSTCO is underway and involves the construction of an additional six, 150,000-barrel, ultra low sulfur diesel tanks, additional pipeline connectivity and high-speed loading. BOSTCO expects phase two to begin service in the fourth quarter of 2014.

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