Kinder Morgan Inc. hinted at a potential off-loading of its remaining Canadian assets following the sale of the contentious Trans Mountain pipeline expansion to the federal government. Speaking at an energy conference Wednesday, Kinder Morgan chief executive officer Steve Kean said that while its Canadian affiliate has “attractive assets” and “no debt on the balance sheet,” the company’s primary objective was to use those projects to support the Trans Mountain expansion. In addition to the Canadian portion of the Cochin pipeline system and the Jet Fuel pipeline system, Kinder Morgan Canada Ltd. has a network of crude storage and rail terminals in Edmonton, Alberta and the Vancouver Wharves Terminal in British Columbia. ( JASON FRANSON / THE CANADIAN PRESS )“It’s a set of midstream assets in what we think is an attractive seller’s market for those assets,” he said. “We can always say no, because the assets themselves will stand on their own,” Kean said.

Source: thestar September 06, 2018 17:37 UTC