Midstream

EnLink Eyeing Louisiana as Largest Midstream Growth Market Amid a Shift in Natural Gas Dynamics 

EnLink Eyeing Louisiana as Largest Midstream Growth Market Amid a Shift in Natural Gas Dynamics 

The Permian Basin remains its largest growth market, but with natural gas supply and demand dynamics shifting, Louisiana will surpass Oklahoma to become EnLink Midstream LLC’s second largest segment this year, according to management.  “In 2019, Oklahoma and North Texas represented over 60% of our segment profit mix,” CFO Ben Lamb said. Today, “the Permian…

February 23, 2024
DTM Looking Beyond ‘Current Realities’ in Natural Gas Market to Expand Haynesville LEAP Pipe

DTM Looking Beyond ‘Current Realities’ in Natural Gas Market to Expand Haynesville LEAP Pipe

DT Midstream Inc. (DTM) has boosted the top end capacity estimate for its Louisiana Energy Access Project, or LEAP, to 4 Bcf/d, roughly double the amount of natural gas it could be transporting by 2026. Based on the work to expand LEAP, “it’s become clear to us that we actually can expand this beyond 3…

February 23, 2024
TC Highlights ‘Good Interest’ for Asset Sales, Record Pipeline Volumes of U.S. Natural Gas

TC Highlights ‘Good Interest’ for Asset Sales, Record Pipeline Volumes of U.S. Natural Gas

TC Energy Corp. management said it could exceed its goal of more than $2 billion in asset sales in 2024 to focus on natural gas and related segments. “For 2024, there should be no surprise that our strategic priorities will look very similar to 2023,” CEO François Poirier said on a conference call to discuss…

February 21, 2024
Enterprise CEO Says ’24 Shaping Up ‘Better’ After Natural Gas Margins Squeezed in ’23

Enterprise CEO Says ’24 Shaping Up ‘Better’ After Natural Gas Margins Squeezed in ’23

Enterprise Products Partners LP said it benefited from higher natural gas prices during January’s winter storm and was looking ahead to 2024 when any other commodity price bounces would add to volume-driven growth. The Houston-based midstream company shipped and processed record volumes of natural gas in 2023, alongside 11 other operational records in the year,…

February 2, 2024
Kinder Morgan CEO Says Strong Natural Gas Production, Long-Term Export Demand Fuel Bullish Outlook

Kinder Morgan CEO Says Strong Natural Gas Production, Long-Term Export Demand Fuel Bullish Outlook

Kinder Morgan Inc. (KMI) said its natural gas pipeline and storage business expanded substantially late in 2023 and is poised for continued growth in the year ahead. It expects to capitalize on robust natural gas production and expectations for exponential growth in export demand in the back half of the decade. The Houston-based midstream giant…

January 18, 2024
Williams Looking to Expand MountainWest Overthrust Natural Gas Capacity

Williams Looking to Expand MountainWest Overthrust Natural Gas Capacity

Williams has asked FERC to authorize an expansion of its MountainWest Overthrust Pipeline LLC system to natural gas customers in the West. The midstream giant said it wants to add 325,000 Dth/d of westbound firm capacity to its Overthrust system by early December 2025. Supply would be delivered to southwestern Wyoming, according to an application…

December 22, 2023
Pembina Agrees to Buy Enbridge’s Alliance Pipeline, Aux Sable Natural Gas Processing Facility

Pembina Agrees to Buy Enbridge’s Alliance Pipeline, Aux Sable Natural Gas Processing Facility

Enbridge Inc. said late Wednesday it planned to sell its stakes in the Alliance Pipeline and the Aux Sable natural gas liquids processing facility in the United States to Pembina Pipeline Corp. for more than US$2 billion. The deal would generate proceeds to help fund Enbridge’s efforts to acquire U.S.-based gas utilities. The Calgary-based midstream…

December 14, 2023
Kinder Morgan’s Dang Touts ‘Fantastic Tailwinds’ for Natural Gas Transport, Storage Business

Kinder Morgan’s Dang Touts ‘Fantastic Tailwinds’ for Natural Gas Transport, Storage Business

Demand is surging for natural gas pipeline and storage capacity in North America, and as a purveyor of both, that’s good news for Kinder Morgan Inc. (KMI), CEO Kim Dang said Thursday. Dang, a KMI veteran who took over the top job this year, said there are “a lot of fantastic tailwinds” for the company…

December 11, 2023
TC Energy Sees Renewables as Bullish for Natural Gas Demand

TC Energy Sees Renewables as Bullish for Natural Gas Demand

Electrification and rising penetration of renewables should drive continued growth in North American natural gas demand over the coming years, according to TC Energy Corp. CEO François Poirier.  “Global policies mandating new energy solutions to meet climate targets are driving the need for more of everything – all of our services,” Poirier said Tuesday during…

November 29, 2023
What’s Driving North American Midstream Investment and Where Is It Happening? – Listen Now to NGI’s Hub & Flow

What’s Driving North American Midstream Investment and Where Is It Happening? – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI’s Leticia Gonzales,  Kevin Dobbs, Josiah Clinedinst and Josten Mavez discuss what they learned from North American midstream companies during the third quarter 2023 earnings season. Amid an increasingly positive outlook for natural gas, midstreamers stand ready to connect growing natural gas…

November 29, 2023
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