In retrospect, 2019 could either be crowned the Year of the Midstream Industry or the Year of Oil and Gas Exports. For Houston-based Kinder Morgan, there’s no coin toss required here—they both win. Global demand for natural gas and a dearth of infrastructure to pipeline gas to Mexico have fueled the nation’s export business and KM stands right in the thick of it. The company’s $2.4 billion backlog of new 2020 pipeline and LNG projects is in direct response to the explosive growth of American energy exports.

Kinder Morgan

Kinder Morgan, Inc. is one of the largest energy infrastructure companies in North America. The company specializes in owning and controlling oil and gas pipelines and terminals. Kinder Morgan owns an interest in or operates approximately 85,000 miles of pipelines and 152 terminals.

www.kindermorgan.com

Kinder Morgan says it will allocate $325 million toward easing intrastate gas pipeline bottlenecks in Texas. Another $900 million in new projects will add 4.4 BCFD of pipeline capacity in the Permian by the end of next year. These include three pipeline expansions as well as the $2 billion, 430-mile Permian Highway Pipeline, which will transport gas supplies to the Texas Gulf. The pipeline is expected to go online in late 2020.

The company’s Gulf Coast Express Pipeline began service in September and provides 2 BCFD of takeaway capacity from the Waha area in West Texas to Agua Dulce near the Gulf Coast. KM says it’s in talks with shippers for a potential third line to transport gas bound for LNG exporting. Speaking of which, Kinder Morgan last Friday announced the Greek-flagged Maran Gas Lindos had left the company’s Elba Island LNG Plant in Savannah, Ga., marking the terminal’s inaugural export shipment.

2020 projects south of the border include the addition of 600 MMCFD of new capacity on the 90-mile Mier-Monterrey Pipeline, which stretches from Starr County, Texas, to Monterrey. KM currently transports 3.1 BCFD of natural gas to Mexico.

What do you think?

0 Comments

Submit a Comment

Your email address will not be published.

You Might Also Like…