Kinder Morgan Bullish on Natural Gas Growth

Even with low NatGas prices, exploration continues, new FIDs are signed, and smart folks are bullish. So, long term it's still, "drill baby drill."

Excerpt:

From LNG to Data Centers, Kinder Morgan Bullish on Natural Gas Growth

BY ANDREW BAKER - April 18, 2024
www.naturalgasintel.com/from-lng-to-data-centers-kinder-morgan-bullish-on-natural-gas-growth/

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.



The Houston-based midstreamer, which transports about 40% of the natural gas consumed in the United States, kicked off the first quarter earnings season with stellar results and a positive message for proponents of the fuel.



Executive Chairman Richard Kinder opened the earnings conference call Thursday by discussing the outlook for gas-fired electricity consumption to power artificial intelligence (AI) and data centers, a burgeoning demand segment that is dominating conversation in the gas industry.



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