Kinder Morgan pushes back timeline on two Permian gas pipelines

Regulatory delays on Kinder Morgan Inc.’s (NYSE: KMI) $2 billion Permian Highway Pipeline have pushed the expected start of construction back from the fourth quarter of 2020 to early 2021.

The Houston-based midstream company has about 85 percent of the right-of-way secured for the line’s route, but the regulatory authorizations are coming more slowly than the company originally anticipated, CEO Steve Kean said on the company’s third-quarter earnings conference call with investors.

“That…

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