Phillips 66 (PSX) and Kinder Morgan, Inc. (KMI) announce a second open season for the Western Gateway Pipeline due to high demand. The pipeline will transport refined fuels from Borger, TX, to Phoenix, AZ, and California, benefiting both companies financially. Other players like EPD and WMB also stand to gain from stable fee-based revenues.

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Read more at Nasdaq: PSX & KMI Launch Second Open Season for Western Gateway Pipeline