Jindal announces pipeline to begin operating in Sept.
BOGALUSA - Governor Bobby Jindal and Parkway Pipeline LLC officials announced the company's 141-mile pipeline is scheduled to begin operating in September, transporting liquid petroleum products from refineries just west of New Orleans to the Plantation Pipeline terminal in Collins, Miss. for further transfer throughout the Southeast U.S.
The $230 million capital investment – including $145 million spent in Louisiana – will push gasoline and diesel more effectively into American markets through the 3,100 miles of the Plantation Pipeline system.
The project created 1,200 construction jobs, with 350 of the jobs based in Bogalusa and Washington Parish and the remainder in St. Tammany and St. Charles parishes. Altogether, Kinder Morgan employs 1,085 people in Louisiana with an annual payroll in excess of $71.5 million.
Kinder Morgan Energy Partners LP and Valero Energy Corp. are joint venture partners in Parkway Pipeline, which will convey the diesel and gasoline from Valero's Norco, refinery to the Collins hub, where Kinder Morgan operates and owns a controlling interest in the Plantation Pipeline.
Parkway Pipeline LLC estimates the project will increase property tax revenue in Washington Parish by nearly $1 million a year and by $3.3 million in all Louisiana jurisdictions the pipeline traverses. From Norco, the pipeline passes through Lake Pontchartrain and for about two-thirds of the upland route it co-locates along existing utility rights-of-way.