Kinder Morgan says US LNG exports and pipeline gas demand from Mexico set for substantial growth
Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure operator and developer, posted solid first-quarter earnings and forecast a surge through 2030 of LNG exports and pipeline gas deliveries to Mexico.
Kinder Morgan reports rise in profits and forecasts soaring US LNG exports and pipeline gas surge for Mexico
Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure operator and developer, reported an almost 10 percent rise in first-quarter net income with contributions from all business segments while forecasting soaring LNG and pipeline gas exports through 2030.
US pipelines operator Kinder Morgan reports slide in earnings but projects advance for LNG feed-gas delivery
Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure operator and developer, reported solid earnings and revenues for the fourth quarter and full year as pipeline projects and expansions advanced.
Kinder Morgan agrees to acquire STX Midstream for $1.8Bln to boost pipelines holdings and capacity in Texas
Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure operator and developer, said it agreed to acquire STX Midstream, the South Texas unit of NextEra Energy Partners, for $1.815 billion.
US LNG feed gas provider Kinder Morgan posts lower profits but new CEO Kim Dang says future is bright
Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure developer, reported lower third-quarter earnings and cash flow, though the new Chief Executive Kim Dang forecast a “bright’ future for the company.
Kinder Morgan to increase natural gas storage capacity with expansion on its Texas intrastate system
Kinder Morgan Inc. (KMI), the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure developer, has announced plans to expand the working gas storage capacity at its Markham facility in Matagorda County along the Texas Gulf Coast.
US pipeline giant Kinder Morgan reports jump in earnings and plans measures to meet LNG export surge
Kinder Morgan Inc. (KMI) the leading US pipeline feed-gas company for liquefied natural gas plants and a key energy infrastructure developer, reported an increase in fourth-quarter net income and planned to expand its network to meet soaring LNG feed-gas demand.
Kinder Morgan sells half of majority stake in Elba Island LNG plant for $565M to value facility at $2.3Bln
Kinder Morgan Inc., the US natural gas pipeline giant and a shareholder in the Elba Island LNG export plant in Georgia, has sold part of its stake in the liquefaction plant.
KMI said it sold a 25.5 percent equity interest in Elba Liquefaction Company (ELC) to “an undisclosed financial buyer” for around $565 million.
After the close of the transaction the Houston, Texas-based company would own 25.5 percent of Elba Island, the same as the mystery buyer.
New York-based Blackstone Credit, a hedge fund and investment arm of the Blackstone Group, would continue to hold a 49 percent interest in ELC, which is now the majority holding.
KMI said the proceeds from the sale would reduce short-term debt and create additional capacity for “attractive investments” including “opportunistic” share repurchases.
It added that the value of the equity interest implied an enterprise value of ELC amounting to $2.3 billion, which is approximately 13 times 2022 gross earnings.
The ELC joint venture was formed in 2017 to construct and own the 10 modular liquefaction units in operation at Elba Island and KMI would continue to operate the facility.
The export plant is supported by a 20-year contract with Shell LNG North America for 100 percent of the liquefaction capacity.
Critical asset
“We are pleased to welcome a new partner into the ELC joint venture,” said KMI’s Interstate Natural Gas President Kimberly Watson.
“Recent geopolitical events have proven how critical liquefied natural gas infrastructure is to meeting global energy demand,” added Watson.
“We believe this investment further shows the value of LNG and demonstrates the important role it will play for decades to come,” she stated.
The Elba Liquefaction facility is in Chatham County in Georgia, near the city of Savannah, and produces around 2.5 million tonnes per annum of LNG from its 10 Trains using Shell processing technology.
In the operational plan, ELC then delivers the LNG to Southern LNG Co. (SLNG) for export.
KMI owns 100 percent of SLNG, which owns and operates the Elba Island LNG Terminal, including the LNG storage tanks and the ship dock for import and export.
The statement added that Bracewell LLP served as legal advisor to KMI for the transaction.
Pipeline giant Kinder Morgan reports healthy profits and explains some expansion plans for US LNG projects
Kinder Morgan Inc., the US pipeline giant transporting natural gas to LNG plants and to customers around America, said it now provided 50 percent of the feed-gas used by US LNG export plants and was planning more pipeline expansions to serve liquefaction facilities.
Kinder Morgan goes ahead with LNG feed-gas boosting Permian Highway Pipeline expansion after firm deals
Kinder Morgan Inc., the US pipeline giant transporting natural gas to LNG plants and to customers around America, has taken a positive investment decision to expand the Permian Highway Pipeline (PHP) expansion project after securing binding firm transportation agreements for all available capacity.
