Kinder Morgan to buy Vancouver terminal

Kinder Morgan Energy Partners LP agreed to buy and operate Vancouver Wharves, a bulk marine terminal, from British Columbia Railway Co.

April 3, 2007

By OGJ editors
HOUSTON, Apr. 3 -- Kinder Morgan Energy Partners LP agreed to buy and operate Vancouver Wharves, a bulk marine terminal, from British Columbia Railway Co.

Terms and value of the transaction were withheld pending closing, which is expected in the second quarter, a Kinder Morgan spokesman said.

Vancouver Wharves involves five vessel berths on a 139-acre site. Terminal assets include rail infrastructure, dry bulk and liquid storage, and material handling systems.

KMP Terminals Pres. Jeff Armstrong said the assets align well with industry's anticipated Canadian oil sands production and with KMP's growing presence in Canada.