Kinder Morgan Eyes RNG, LNG Projects for Long-Term Growth
Attachment: KinderMorgan3Q22
October 24, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Jet fuel fueled profits at Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) in third-quarter 2022, as a surge in air travel contributed to a 16.4% profit increase from third-quarter 2021. But it's the global market for liquefied natural gas (LNG) where the company--which moves about half of the gas consumed by U.S. LNG export terminals--sees its strongest growth potential.
Industrial Info is tracking more than $11.8 billion worth of active projects from Kinder Morgan, more than half of which is attributed to grassroot projects. Among the projects Kinder Morgan is proposing to address the growing export demand is the Evangeline Pass Expansion Project in Louisiana and Mississippi, which notched up progress on several key aspects over the past six months. Kinder Morgan also sees significant potential in renewable natural gas (RNG), for which it has acquired several smaller companies so far this year.
Other companies featured: Venture Global LNG Incorporated
