Kinder Morgan abandons coal terminal proposal in Oregon

Texas-based energy company Kinder Morgan ( (NYSE: KMI) said Wednesday it's setting aside its proposal to export coal from a Oregon terminal on the Columbia River, reports the Oregonian.

The company said it was not going to seek permits at the Port of St. Helen's industrial park because the site footprint did not mesh with their facility plan.

The proposed $200-million terminal would have exported up to 30 million tonnes of American coal to Asia each year.

Kinder Morgan said it would look for an alternate site in the northwestern region on the Pacific.