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Released October 21, 2024 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) is sounding the alarm on weaker commodity prices and lower crude volumes, which pummeled the company's bottom line in the third quarter. Nonetheless, it is optimistic about "a macro environment so rich with opportunities for incremental build-out of natural gas infrastructure," as one executive said. Industrial Info is tracking more than $11.75 billion worth of active and planned projects from Kinder Morgan, the bulk of which is attributed to grassroot liquefied natural gas (LNG) projects.
Click on the image at right for a graph detailing Kinder Morgan's active and planned projects, by project type.
One of Kinder Morgan's most ambitious projects recently received a much-needed boost from the U.S. Federal Energy Regulatory Commission (FERC): the proposed Gulf LNG Liquefaction Terminal in Pascagoula, Mississippi, which is designed to liquefy and export 5.75 million metric tons per year of LNG. FERC authorized the project in July 2019, with an original shipping deadline of July 2024, but earlier this year Kinder Morgan applied for a five-year extension to July 16, 2029. FERC approved the request this summer, finding "good cause exists for an extension of time, where the authorization holder has made a good faith effort to complete authorized actions within the time allotted, but encountered circumstances that prevented it from doing so."
Kinder Morgan owns half of the Pascagoula project through subsidiary Southern Gulf LNG Company, which also operates the Gulf LNG terminal. Thunderbird Resources Equity, which is owned in part by Blackstone Incorporated (NYSE:BX) (New York, New York), owns 30%. Other partners include Warburg Pincus & Kelso (New York, New York) and Chatham Asset Management (Chatham Borough, New Jersey). Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project and Plant databases can learn more from a detailed project report and plant profile.
"As we look to the future, we continue to see large opportunities for growth in natural gas between LNG, exports to Mexico, power and industrial growth," said Kim Dang, the chief executive officer of Kinder Morgan, last week in a quarterly earnings-related conference call. "Current discussions on power opportunities total well north of the 5 billion cubic feet per day we mentioned in the second quarter. Our internal number for growth in the overall natural gas market is roughly 25 billion cubic feet per day over the next five years."
Another major Kinder Morgan venture, an expansion to the Gulf Coast Express (GCX) pipeline in Texas, would add up to 570 million standard cubic feet per day to the current 2.1 billion-cubic-foot-per-day line, which runs from the Waha Hub in the Permian Basin to Agua Dulce, which is just west of Corpus Christi. The GCX expansion "will enable our customers who have signed long-term throughput agreements to move substantial additional gas out of the Permian Basin," according to Executive Chairman Rich Kinder, who said the company officially added the expansion to its backlog during the third quarter.
Kinder Morgan is exploring a trio of proposed compressor station expansions that would bolster capacity on the GCX line. Subscribers can read detailed reports on the proposed expansions in Coyanosa, Del Rio and Big Wells, Texas.
"During the quarter, we added roughly $450 million of projects to the backlog, which includes the GCX expansion, but also includes a storage expansion on NGPL [subsidiary Natural Gas Pipeline of America] and a new lateral to serve a natural gas power plant," Dang said. "We placed roughly $500 million of projects in service resulting in a current backlog of $5.1 billion."
NGPL is pursuing the Texas-Louisiana Expansion Project, which is designed to add as much as 300 million standard cubic feet per day of capacity to the system's mainline, as well as to upgrade piping, control valves and other components. The company is seeking permits for major modifications to three compressor stations to accommodate the growth. Subscribers can read detailed reports on the proposed modifications in Devers and New Caney, Texas, and Kinsley, Kansas.
Kinder Morgan also began construction during the third quarter on the 9.1-mile Yscloskey Toca Lateral in St. Bernard Parish, Louisiana, which is designed to transport up to 2 billion cubic feet per day of natural gas along Tennessee Gas Pipeline's existing mainline to Venture Global LNG Incorporated's (Arlington, Virginia) Plaquemines LNG export facility in Davant, Louisiana. Subscribers can read detailed reports on the Yscloskey Toca Lateral and Plaquemines LNG projects.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects from Kinder Morgan.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Click on the image at right for a graph detailing Kinder Morgan's active and planned projects, by project type.One of Kinder Morgan's most ambitious projects recently received a much-needed boost from the U.S. Federal Energy Regulatory Commission (FERC): the proposed Gulf LNG Liquefaction Terminal in Pascagoula, Mississippi, which is designed to liquefy and export 5.75 million metric tons per year of LNG. FERC authorized the project in July 2019, with an original shipping deadline of July 2024, but earlier this year Kinder Morgan applied for a five-year extension to July 16, 2029. FERC approved the request this summer, finding "good cause exists for an extension of time, where the authorization holder has made a good faith effort to complete authorized actions within the time allotted, but encountered circumstances that prevented it from doing so."
Kinder Morgan owns half of the Pascagoula project through subsidiary Southern Gulf LNG Company, which also operates the Gulf LNG terminal. Thunderbird Resources Equity, which is owned in part by Blackstone Incorporated (NYSE:BX) (New York, New York), owns 30%. Other partners include Warburg Pincus & Kelso (New York, New York) and Chatham Asset Management (Chatham Borough, New Jersey). Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project and Plant databases can learn more from a detailed project report and plant profile.
"As we look to the future, we continue to see large opportunities for growth in natural gas between LNG, exports to Mexico, power and industrial growth," said Kim Dang, the chief executive officer of Kinder Morgan, last week in a quarterly earnings-related conference call. "Current discussions on power opportunities total well north of the 5 billion cubic feet per day we mentioned in the second quarter. Our internal number for growth in the overall natural gas market is roughly 25 billion cubic feet per day over the next five years."
Another major Kinder Morgan venture, an expansion to the Gulf Coast Express (GCX) pipeline in Texas, would add up to 570 million standard cubic feet per day to the current 2.1 billion-cubic-foot-per-day line, which runs from the Waha Hub in the Permian Basin to Agua Dulce, which is just west of Corpus Christi. The GCX expansion "will enable our customers who have signed long-term throughput agreements to move substantial additional gas out of the Permian Basin," according to Executive Chairman Rich Kinder, who said the company officially added the expansion to its backlog during the third quarter.
Kinder Morgan is exploring a trio of proposed compressor station expansions that would bolster capacity on the GCX line. Subscribers can read detailed reports on the proposed expansions in Coyanosa, Del Rio and Big Wells, Texas.
"During the quarter, we added roughly $450 million of projects to the backlog, which includes the GCX expansion, but also includes a storage expansion on NGPL [subsidiary Natural Gas Pipeline of America] and a new lateral to serve a natural gas power plant," Dang said. "We placed roughly $500 million of projects in service resulting in a current backlog of $5.1 billion."
NGPL is pursuing the Texas-Louisiana Expansion Project, which is designed to add as much as 300 million standard cubic feet per day of capacity to the system's mainline, as well as to upgrade piping, control valves and other components. The company is seeking permits for major modifications to three compressor stations to accommodate the growth. Subscribers can read detailed reports on the proposed modifications in Devers and New Caney, Texas, and Kinsley, Kansas.
Kinder Morgan also began construction during the third quarter on the 9.1-mile Yscloskey Toca Lateral in St. Bernard Parish, Louisiana, which is designed to transport up to 2 billion cubic feet per day of natural gas along Tennessee Gas Pipeline's existing mainline to Venture Global LNG Incorporated's (Arlington, Virginia) Plaquemines LNG export facility in Davant, Louisiana. Subscribers can read detailed reports on the Yscloskey Toca Lateral and Plaquemines LNG projects.
Subscribers to Industrial Info's GMI Project and Plant databases can click here for a full list of detailed reports for projects mentioned in this article, and click here for a full list of related plant profiles.
Subscribers can click here for a full list of detailed reports for active and proposed projects from Kinder Morgan.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
