Kinder Morgan Bets Big on Natural Gas Expansion

US pipeline operator Kinder Morgan is making a substantial strategic pivot toward natural gas infrastructure, significantly boosting its growth forecasts and outlining ambitious investment plans. This bold move comes amid a global debate about energy transition, positioning the company for either a major success or a costly miscalculation.

During the Barclays Energy-Power Conference, CEO Kim Dang presented a notably upgraded demand outlook. The company now anticipates US natural gas demand to grow by 28 billion cubic feet per day by 2030, a substantial increase from its previous projection of 20 billion. This forecast notably exceeds estimates from industry analysts at Wood Mackenzie and reflects Kinder Morgan’s conviction in gas serving as a crucial transitional fuel.

This optimistic outlook is supported by concrete Read more...