January 18, 2018 / 5:36 PM / 7 months ago

BUZZ-Kinder Morgan Inc: down on Canadian pipeline delay

** Shares of North America’s largest pipeline operator down 2.7 pct at $19.05

** Kinder Morgan Canada, a spin-off of Kinder Morgan, delays start-up of Canadian Trans Mountain pipeline expansion by three months to December 2020 due to fierce local opposition

** It originally had an operational date of December 2019, but company in October pushed that back to September 2020 because of difficulty in obtaining permits

** The proposed pipeline expansion would nearly triple Kinder Morgan’s capacity to 890,000 bpd

** Kinder Morgan Canada’s stock down about 0.6 pct at C$16.65

** KMI down 13 pct in the past 12 months (Reporting by Karan Nagarkatti)

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