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Earnings Highlights KMI Kinder Morgan (KMI) Kinder Morgan currently has long-term contracts to move almost 8 Bcf/d of natural gas to LNG facilities. Upon completion of projects under construction, that amount is expected to grow to almost 12 Bcf/d by the end of 2028. Overall, total demand for US natural gas is expected to grow by 20% through 2030, led by LNG exports. The company is also pursuing over 5 Bcf/d of opportunities to serve the natural gas power generation sector. Approximately 50% of the company’s backlog is associated with projects supporting power generation. Kinder Morgan expects strong growth in power demand in the coming years.
With an additional 500 MMcf/d commitment from an LNG customer, KMI’s Trident Intrastate Pipeline project has been expanded from 1.5 Bcf/d to 2.0 Bcf/d of capacity, increasing the total project cost to approximately $1.8 billion. The roughly 216-mile project is designed to provide natural gas transportation service from Katy, Texas, to the industrial corridor near Port Arthur, Texas. Assuming the timely receipt of all required permits and approvals, KMI expects the project to be in service in the first quarter of 2027. |