Kinder Morgan Eyes Pipeline Buildouts Along U.S. Gulf Coast
Attachment: Kinder Morgan 2Q23
July 25, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Lower commodity prices have hampered Kinder Morgan Incorporated's (NYSE:KMI) revenues so far in 2023, but executives remain confident in the company's operational performance and are revisiting a proposed expansion of the Gulf Coast Express (GCX) pipeline. Skyrocketing demand for liquefied natural gas (LNG) is pushing Kinder Morgan to take advantage of its takeaway capacity from the Eagle Ford and Haynesville shale plays, with export facilities along the Texas and Louisiana Gulf Coast expected to continue their buildouts.
Industrial Info is tracking more than $12.6 billion worth of active projects across the U.S. from Kinder Morgan, more than half of which is attributed to grassroot projects. Kinder Morgan is now carrying more gas out of the Eagle Ford than it was before the COVID-19 pandemic. Producers in the Haynesville Shale and other hotspots also are anticipating greater volumes of LNG demand from the Gulf Coast.
