Houston-based Kinder Morgan said last week it made final investment decision on its $455 million expansion of Gulf Coast Express pipeline to enable customers to move substantial additional natural gas from Permian Basin. Kim Dang, CEO, said Oct. 16 the expansion “will increase natural gas deliveries by 570 million cubic feet per day from the Permian Basin to south Texas markets.” Dang added, “We also are developing an NGPL Gulf Coast storage expansion project that will provide approximately 10 billion cubic feet of incremental natural gas storage capacity on NGPL’s high-growth Gulf Coast system.”
Kinder Morgan, one of the largest energy infrastructure companies in North America, said its natural gas transport volumes were up 2 percent in 2024Q3 compared to a year ago, and natural gas gathering volumes were up 5 percent from a year ago.
Rich Kinder, executive chairman, said, “In my decades of experience in the midstream arena, I’ve never seen a macro environment so rich with opportunities for incremental buildout of natural gas infrastructure. We expect to be a major player in developing that infrastructure.” Kinder Morgan said future demand for natural gas “is expected to be lifted by LNG exports… The electricity requirements of AI and data centers will increase demand. This creates growth opportunities for Kinder Morgan.”