News about pipelines

On Oct. 6, the Florida Public Service Commission approved a transportation tariff for SpaceX subsidiary Coastal Connect Services to build a 32-mile pipeline in Brevard County linking to the Florida Gas Transmission Network, a roughly 5,300-mile system jointly owned by Kinder Morgan and Energy Transfer. The line will supply natural gas for Starship launches at Cape Canaveral, replacing hundreds of LNG truck deliveries, and SpaceX will build and own it. The article calls the deal small for both companies, which need only provide interconnection and offtake rather than fund construction. Energy Transfer transports about 30% of U.S. natural gas and Kinder Morgan about 40%, roughly 70% combined. Kinder Morgan yields around 3.5% and Energy Transfer around 6.8%, though Energy Transfer's MLP structure receives different tax treatment.