Kinder Morgan Eyes Growth From Natural Gas Infrastructure, Energy Projects

Kinder Morgan Inc. (KMI) plans to invest $2.3 billion in expansion projects and joint ventures in 2025, as the pipeline giant continues to capitalize on strong natural gas demand across North America.

“We expect to continue benefiting from strong natural gas market fundamentals driving growth on our existing natural gas transportation and storage assets, as well as creating expansion opportunities,” President Tom Martin said in an investor update Monday (Dec. 9).

The Houston-based midstreamer, which transports about 40% of U.S. natural gas production, recently sanctioned several major projects. These include a $455 million expansion of the Gulf Coast Express (GCX) pipeline from the Permian Basin and a $3 billion South System 4 Expansion of its Southern Natural Gas Co. LLC system in the Southeast.