As natural gas demand continues to outstrip supply, Kinder Morgan Inc. is in preliminary discussions with Texas regulators and other stakeholders about expanding storage capabilities outside its current market area, CEO Steven Kean said Wednesday.

Kinder

Kean joined other members of the executive team to discuss with investors the third quarter results. Kean said the additional natural gas delivery capability is needed, particularly as supply has tightened and commodity prices have risen.

“Let’s face it,” Kean said. “Supply hasn’t quite kept pace with demand, particularly as export demand has grown.”

This has resulted in a greater valuation on being able to deliver gas when needed, he said. Taking into account the increase in intermittent resources in the generation...