Kinder Morgan

A technical bounce fueled by lower wind generation sent natural gas futures higher to start the week. The September Nymex gas futures contract settled Monday at $3.946, up 8.5 cents from Friday’s close. October climbed 8.5 cents to $3.960. Spot gas prices were mixed on Monday, with mostly mild weather across the country. However, big…

Kinder Morgan Inc. (KMI) said Monday the segment of the El Paso Natural Gas Pipeline that experienced a pipeline failure and subsequent fire over the weekend, killing two people, had been extinguished. The blast occurred at around 5:45 a.m. MT Sunday on Line 2000, near Coolidge, AZ. Two people died in the blast, and one…

Natural gas futures on Monday advanced for a seventh consecutive session as robust domestic cooling demand and strong liquefied natural gas (LNG) export levels continued to drive up prices that are at their highest levels since 2018. The August Nymex contract advanced 4.2 cents day/day and settled at $4.102/MMBtu. The prompt month gained nearly 11%…

Kinder Morgan Inc. is looking to make a bigger splash in the energy transition space with the $310 million acquisition of Kinetrex Energy, a renewable natural gas (RNG) and small-scale liquefied natural gas (LNG) player. Indianapolis-based Kinetrex claims to be the largest supplier of LNG in the Midwest with two LNG production facilities in Indianapolis.…

Houston-based Kinder Morgan Inc. (KMI) is expanding its footprint in the Northeast with the $1.225 billion purchase of the Stagecoach natural gas pipeline and storage system from a joint venture between Crestwood Equity Partners LP and Consolidated Edison Inc. (ConEd). The Stagecoach system consists of 185 miles of pipeline with multiple interconnects to major interstate…

A Colorado natural gas producer, an infrastructure operator and a Colorado Springs municipal utility have launched the Project Canary responsibly sourced natural gas pilot to ensure natural gas production follows emissions standards. Colorado Springs Utilities has agreed to purchase responsibly sourced gas (RSG) produced by Bayswater Exploration & Production, a Colorado-based oil and natural gas…

A fund controlled by ArcLight Capital Partners LLC has taken a minority stake in the largest natural gas pipeline serving the high-demand Chicago-area market, as well as liquefied natural gas (LNG) export terminals along the Gulf Coast. Kinder Morgan Inc. (KMI) and Brookfield Infrastructure Partners LP on Tuesday said they agreed to sell a 25%…

Kinder Morgan Inc. has confirmed that a fire broke out May 11 in a mixed refrigerant compressor at its Elba Island liquefied natural gas (LNG) facility in Georgia, forcing it to shut down three liquefaction units that remain offline.

Construction on Kinder Morgan Inc.’s 2 Bcf/d Permian Highway Pipeline (PHP) is to continue after a Texas court found no evidence that the project should be halted for not following federal requirements.