Thursday, July 14, 2011

Kinder Morgan says its open to reversing flow in Rockies Express

HOUSTON, Texas - Back in 2009, when it began operating the Rockies Express pipeline from the gas fields of Colorado, Kinder Morgan Energy Partners LP (NYSE: KMP) billed the pipeline as the solution to the East Coast's natural-gas needs.

The East Coast is now awash in gas, thanks to the discovery of shale gas, in particular the Marcellus shale in Pennsylvania. Kinder Morgan says it now "stands ready" to reverse the pipeline to pump gas from the East Coast to as far west as California, says Mark Kissel, president of Kinder MorganMarce's western region.

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