Kinder Morgan

As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb

As Demand Further Strengthens, August Natural Gas Futures Extend Rally; Cash Prices Climb

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%…

July 26, 2021
Kinder Morgan Splashes Out $310M for RNG, Small-Scale LNG Player Kinetrex

Kinder Morgan Splashes Out $310M for RNG, Small-Scale LNG Player Kinetrex

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.…

July 16, 2021
Kinder Morgan Buys Long-Shopped Stagecoach Natural Gas Pipeline, Storage Assets

Kinder Morgan Buys Long-Shopped Stagecoach Natural Gas Pipeline, Storage Assets

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…

June 2, 2021

Colorado Energy Organizations Launch Pilot to ‘Responsibly’ Produce Natural Gas

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…

March 16, 2021
ArcLight Taking 25% Stake in NGPL for $830M

ArcLight Taking 25% Stake in NGPL for $830M

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%…

February 23, 2021
Fire at Elba Island LNG Shuts Down Three Units, Cuts Feed Gas Deliveries

Fire at Elba Island LNG Shuts Down Three Units, Cuts Feed Gas Deliveries

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.

May 15, 2020
Permian Highway Pipeline Gains Favorable Court Ruling

Permian Highway Pipeline Gains Favorable Court Ruling

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.

February 19, 2020

Kinder Morgan Sees Natural Gas Shale, LNG Export Demand Driving Pipeline Expansions

Kinder Morgan Inc. (KMI) expects shale and tight natural gas production growth, combined with rising demand for exports, to underpin expansions of its North America gas pipeline network over the coming years, CEO Steven Kean said last week.

December 17, 2019

Phillips 66, Kinder Test Support for Permian-to-Houston Crude Route

Phillips 66 Partners and Kinder Morgan Inc. (KMI) are teaming up to offer a new route for transporting crude oil out of the Permian Basin to markets along the Gulf Coast, the companies announced Monday.

February 11, 2019
Permian Highway Project Advancing to Move 2 Bcf/d to Gulf Coast and Beyond

Permian Highway Project Advancing to Move 2 Bcf/d to Gulf Coast and Beyond

The 2 Bcf/d Permian Highway (PHP) Pipeline Project, designed to move natural gas south across Texas via a 42-inch diameter pipeline, was given the all-clear sign late Wednesday by Kinder Morgan Texas Pipeline LLC (KMTP) and EagleClaw Midstream Ventures LLC.

September 6, 2018