$KMI

Phillips 66, Kinder Morgan (KMI) and HF Sinclair (DINO) will proceed with the proposed $5 billion Western Gateway Pipeline system, a 1,300-mile refined products pipeline with 230,000 bpd design capacity. Phillips 66 will reverse its Gold Pipeline and KMI will contribute existing lines valued about $1.5 billion. Phillips 66 plans nearly $2.5 billion cash, KMI $250 million, DINO $750 million, targeting 2029 completion.

Phillips 66 and Kinder Morgan reached a final investment decision for the $5 billion Western Gateway Pipeline to ship gasoline and other refined products from Texas to Arizona and California. Phillips 66 will own 49.9%, Kinder Morgan 35.1%, and HF Sinclair 15% via the JV. The project links multiple refineries to terminals in El Paso, Tucson/Phoenix, Colton and Las Vegas.

Phillips 66, Kinder Morgan, and HF Sinclair plan a Western Gateway refined-products pipeline venture. Partners will own 49.9%, 35.1%, and 15.0%. The 1,300-mile system targets 230,000 b/d capacity, expandable to 320,000 b/d, with about $5B enterprise value. Completion is targeted for 2029, subject to approvals.

Phillips 66, Kinder Morgan, and HF Sinclair reached a final investment decision for the $5 billion Western Gateway Pipeline System, a 1,300-mile project to move refined fuel products from the U.S. Midcontinent and Gulf Coast to Arizona and California. Completion is expected in 2029. Phillips 66 holds 49.9%, Kinder Morgan 35.1%, HF Sinclair 15%.

Phillips 66 (PSX), Kinder Morgan (KMI) and HF Sinclair (DINO) said they reached a final investment decision to proceed with the Western Gateway refined-products pipeline. The 1,300-mile system targets 230,000 bpd capacity and about $5.0 billion enterprise value. Ownership is 49.9% PSX, 35.1% KMI, 15% DINO, with completion targeted for 2029.

Kinder Morgan (KMI), Phillips 66 (PSX) and HF Sinclair (DINO) approved a $5 billion Western Gateway Pipeline System JV. The 1,300-mile project will move refined products to West Coast and Southwest markets, with Kinder Morgan owning 35.1%. Completion is expected in 2029; initial capacity is 230,000 bpd under 10-year take-or-pay contracts.

The article links oil price risk to escalating attacks affecting Iran-related shipping and energy infrastructure. Yemen’s Transport Ministry reported deaths in a suspected Houthi attack on the Egyptian-owned Tihamah. U.S. CENTCOM said a U.S. helicopter struck a Panama-flagged vessel after it tried to bypass a blockade of Iranian ports. A drone hit a power station at Libya’s Zawiya oil export terminal. It also cites energy-sector deals involving Baker Hughes, CenterPoint Energy, Phillips 66, Kind

Phillips 66, Kinder Morgan and HF Sinclair approved a final investment decision for the $5bn Western Gateway Pipeline joint venture in the US. The 1,300-mile system would move up to 230,000 bpd of refined products from the Midcontinent and Gulf Coast to the West. Phillips 66 holds 49.9%, Kinder Morgan 35.1%, HF Sinclair 15%, with 2029 target completion.

Phillips 66, Kinder Morgan and HF Sinclair said they made a final investment decision to proceed with the $5 billion Western Gateway Pipeline, aiming for completion in 2029 subject to permits. The 1,300-mile system would move refined fuels into the West with 230,000 bpd capacity and potential Southern California gasoline price relief. Ownership: Phillips 66 49.9%, Kinder Morgan 35.1%, HF Sinclair 15%.

Phillips 66, Kinder Morgan, and HF Sinclair approved a $5 billion Western Gateway Pipeline joint venture. The 1,300-mile refined products system is designed for 230,000 bpd, linking St. Louis and Gulf Coast origins to Arizona and California. Phillips 66 owns 49.9%, Kinder Morgan 35.1%, HF Sinclair 15%, with $2.5B, $250M, and $750M cash contributions, respectively.