- Kinder Morgan (KMI -2.7%) maintains its Q1 2019 startup target for the liquefied natural gas export terminal it is building in Georgia and expects a boost to volumes across its North American transportation and storage network.
- KMI supplies 42% of the current U.S. liquefaction capacity with feedgas that moves through its pipelines and hopes to increase its share as more terminals come online, including the Elba Island facility near Savannah, Ga.; CEO Steven Kean says contract renewals and the ability to command higher rates have been strong.
- "We are benefiting from the growth in both supply and demand, on both ends of our system," Kean says, adding that forecasts showing continued strong demand in Mexico for U.S. supplies of natural gas are good news for KMI, which is positioned to capitalize on the growth with its existing network and planned projects.
- Earlier: Kinder Morgan sees 10% growth in distributable cash flow next year to $5B (Dec. 3)
- Now read: Is Kinder Morgan Finally A Strong Buy? 4 Things Investors Need To Know
Original article