January 19, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas), which handles about 40% of U.S. natural gas throughput, expects "tremendous growth" in gas demand and production over the coming years, driven primarily by gas exports to Mexico and liquefied natural gas (LNG) exports to much of the world. A recent acquisition in southern Texas is further boosting the company's role in the gas markets, and it continues to explore opportunities in the development of renewable natural gas (RNG).
Industrial Info is tracking more than $12.5 billion worth of active and planned projects from Kinder Morgan, about $3.5 billion of which is attributed to natural gas pipelines. In a quarterly earnings-related conference call, Rich Kinder, the executive chairman of Kinder Morgan, said most of the company's expansion opportunities are concentrated along the Gulf Coast, "where permitting and construction usually moves more quickly than elsewhere."
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