The globalization of the natural gas market continues at full speed as liquefied natural gas infrastructure development in North America and internationally continues to ramp. See what NGI analysts gleaned from the recently completed 3Q2023 earnings season.

  • Kinder Morgan Inc. (KMI) – Noted the International Energy Agency predicts that the U.S. share of the global LNG market will grow from 20% in 2022 to 30% in 2026. To put that in perspective, all of OPEC+ controls over 40% of the global crude oil market. The U.S. will never join any sort of future LNG cartel because of its antitrust laws, but that would be some pretty serious market power.
  • KMI: Many LNG exporters are interested in natural gas capacity further upstream to access more competitively priced and diversified supply. If...