In a recent earnings call, Kinder Morgan (NYSE:KMI)’s Executive Chairman, Rich Kinder, discussed the company’s future prospects in the context of increasing demand for natural gas and LNG feedgas. The company, which currently transports nearly half of all U.S. LNG feedgas, is well-positioned to leverage this opportunity, thanks to its extensive pipeline network in Texas and Louisiana. The call also revealed a solid financial performance for the quarter, with the company returning significant capital to shareholders and maintaining a healthy balance sheet.
Key takeaways from the call:
- S&P Global (NYSE:SPGI) Commodity Insights estimates LNG feedgas demand to reach 13.1 Bcf a day in 2023, growing to 24.7 Bcf a day in 2028.
- The International Energy Agency (IEA) expects U.S. LNG exports to rise from 20% of global LNG supply in 2022 to nearly 30% in 2026.
Diversified Energy Company plc (LON:DEC), formerly Diversified Gas & Oil plc, is a gas and oil production company operating in the Appalachian Basin in the United States.
