Updated Sep 25, 2024
9/25/24
Domestic natural gas storage capacity has not kept up with growth in the market overall, contributing to higher rates and a need for more places to store supply, according to Kinder Morgan Inc. (KMI) CEO Kim Dang.
Delfin LNG may not be able to accept natural gas supplies on a pipeline expansion that’s expected to enter service in July 2026 as the offshore export project continues working through delays, a Kinder Morgan Inc. subsidiary told federal regulators.
Pipeline operator Kinder Morgan Inc. (KMI) is moving ahead with a major natural gas pipeline expansion to serve growing demand from the electric power sector in the Southeast.
Optimism around the restart of the Freeport LNG terminal had natural gas markets moving higher in choppy trade through midday Tuesday.
The major ports along the upper Texas coast were set to reopen on Tuesday as cleanup continued in the aftermath of former Hurricane Beryl, but operations at a major LNG export facility remained shuttered.
Expectations for North American upstream natural gas capital expenditures in 2024 continue to show a year/year decline in the low- to mid-single digits, with subdued rig counts persisting throughout the year. Eventually, those rigs would need to resume work to account for the in-service of more Lower 48 LNG export capacity next year, and possibly to gear up for the rapid growth in data centers – although it is uncertain as to what that opportunity for incremental gas demand may be.
Natural gas futures were pushing higher at the front of the curve through midday trading Thursday after the latest government-reported inventory build landed on the leaner side of market expectations.
A move to force more scrutiny of Kinder Morgan Inc.’s Evangeline Pass natural gas pipeline expansion in Louisiana was struck down Tuesday by a federal appeals court.
Producers of natural gas may be struggling with low prices, but for pipeline operators like Kinder Morgan Inc. (KMI), the outlook is anything but bearish.
Kinder Morgan Inc.’s (KMI) Texas-Louisiana Expansion project, aimed at bringing additional natural gas supply to the Gulf Coast, is now fully subscribed after two LNG exporters signed on as customers.