Kinder Morgan stands as North America's top independent mover of petroleum products with around 2.4 million barrels daily across the continent. The bulk of this flow happens through its Products Pipelines division, which navigates gasoline, jet fuel, diesel, crude oil, and condensate through a network of about 9,500 miles of pipelines. Alongside, the company maintains roughly 65 liquid terminals that not only store these fuels but also blend in ethanol and biofuels for a green touch.

• Daily Barrel Transportation: ~2.4 million
• Liquid Terminals Count: 65
• Pipeline Mileage: ~9,500 miles

KMI's Pacific Operations command an impressive network of approximately 3,000 miles of pipelines that are central to distributing refined petroleum products like gasoline, jet fuel, and diesel across the Western U.S., touching states from Arizona to Texas. This part of their system, rooted in history since 1956, is vital for moving over one million barrels daily to various destinations.

Among the key pipelines:

• CALNEV Pipeline extends 566 miles from Los Angeles, efficiently moving fuel to important locations such as Barstow, California, and Las Vegas, Nevada.
• SFPP includes multiple lines, like the North Line which stretches approximately 864 miles, delivering products from the San Francisco Bay Area to cities across California and Nevada. Other lines within SFPP cater to southern California, Oregon, and routes from El Paso, Texas to Phoenix, Arizona, making it a backbone for fuel transportation in the region. SFPP features 13 truck loading terminals that enhance its distribution capabilities.

The company boosts its operations in the Southeast with 26 refined product terminals known as the Kinder Morgan Southeast Terminals (KMST). The Products (SE) Pipe Line Corporation (PPL) is a key part, stretching 3,100 miles to transport gasoline and jet fuel from Louisiana to Washington, D.C. It manages to move around 720,000 barrels daily to important cities including Birmingham and Atlanta. The Central Florida Pipeline (CFPL) also plays an important role in Florida, moving various fuels from Tampa to Orlando.

Huge deal: As far back as 2021, Kinder Morgan purchased Stagecoach Gas Services, a natural gas pipeline and storage joint venture between Consolidated Edison and Crestwood Equity Partners for $1.23 billion.

Wells

Rextag's Energy DataLink shows Kinder Morgan's oil and gas production over the last 12 months

• Permian Basin

Oil Production: 25,052,903.18 barrels

Gas Production: 99,947,444.08 cubic feet

Producing Wells: 3,008

• Fort Worth/North Texas Basin

Oil Production: 709,455.50 barrels

Gas Production: 2,227,021.55 cubic feet

Producing Wells: 225

• Greater Anadarko Basin

Oil Production: 13,357.00 barrels

Gas Production: 9,613.84 cubic feet

Producing Wells: 305

• Onshore Gulf of Mexico

Oil Production: 140.00 barrels

Producing Wells: 222

Recent Production

July 2023: Oil production was at its peak with 1,317,252.81 barrels, and gas production was also the highest at 5,231,274.42 cubic feet.

August 2023: There was a slight decrease in oil production to 1,293,089.28 barrels and a minor drop in gas production to 5,202,004.72 cubic feet.

September 2023: Oil production slightly decreased again to 1,225,875.54 barrels, and gas production reduced to 4,920,819.31 cubic feet.

October 2023: Oil production increased a bit to 1,246,495.50 barrels, and gas production also rose to 5,194,130.58 cubic feet.

November 2023: Oil production decreased to 1,212,772.44 barrels, marking the lowest in the given period, while gas production dropped to 5,031,061.30 cubic feet.

Cumulative Well Production

• Oil: 241.83 million barrels
• Gas: 809.53 million cubic feet
• BOE (Barrel of Oil Equivalent): 376.75 million barrels

2022 vs 2023 Results

Natural Gas Pipelines

• Transport volumes increased from 38,657 BBtu/d in 2022 to 40,282 BBtu/d in 2023.
• Sales volumes saw a slight decrease, moving from 2,482 BBtu/d in 2022 to 2,346 BBtu/d in 2023.
• Gathering volumes experienced significant growth, from 2,994 BBtu/d in 2022 to 3,562 BBtu/d in 2023.
• Natural Gas Liquids (NGLs) production increased from 30 MBbl/d in 2022 to 34 MBbl/d in 2023.

Products Pipelines

• Gasoline volumes remained relatively stable with a slight increase from 978 MBbl/d in 2022 to 980 MBbl/d in 2023.
• Diesel fuel volumes showed a small decrease from 367 MBbl/d in 2022 to 351 MBbl/d in 2023.
• Jet fuel volumes increased from 264 MBbl/d in 2022 to 285 MBbl/d in 2023.
• Total refined product volumes slightly increased from 1,609 MBbl/d in 2022 to 1,616 MBbl/d in 2023.
• Crude and condensate delivery volumes rose from 471 MBbl/d in 2022 to 483 MBbl/d in 2023.
• Total delivery volumes for all products increased from 2,080 MBbl/d in 2022 to 2,099 MBbl/d in 2023.

Oil

• For the year ending in 2022, the daily net oil production averaged 29.56 MBbl/d.
• For the year ending in 2023, the production slightly decreased to an average of 29.17 MBbl/d.

Terminals

• Liquids Leasable Capacity: The total capacity for storing liquids remained stable from 2022 to 2023 at 78.7 MMBbl).
• Liquids Leased Capacity Percentage: There was an improvement in the utilization of the storage capacity, increasing from 91.3% in 2022 to 93.6% in 2023.
• Bulk Transload Tonnage: The volume of bulk materials handled showed a slight increase, from 53.2 million tons in 2022 to 53.3 million tons in 2023.

Recent and Future Developments

• STX Midstream Pipeline System Acquisition

Eagle Ford Transmission system, a 90% stake in the NET Mexico Pipeline LLC, and a 50% interest in Dos Caminos.

In December 2023, Kinder Morgan acquired the STX Midstream pipeline system from NextEra Energy Partners, LP, for $1,8 billion. It includes a comprehensive set of large-diameter, high-pressure natural gas pipelines connecting the Eagle Ford basin to the growing demand markets in Mexico and the Gulf Coast.

• TGP East 300 Upgrade Expansion

A $267 million project was completed in November 2023 to upgrade compression facilities on the TGP system, enhancing capacity by 115,000 Dth/d to support Con Edison's distribution in Westchester County, New York, under a long-term contract.

• Eagle Ford Transport Project

In November 2023, a $231 million expansion project was placed into service, which involved constructing 67 miles of 42-inch pipeline and upgrading the Kinder Morgan Freer compressor station. This expansion allows for the transportation of up to 1.88 Bcf/d of lean Eagle Ford production to Gulf Coast markets.

• Permian Highway Pipeline (PHP Expansion)

A joint venture project was placed into service in December 2023 for $159 million and expanded the Permian Highway Pipeline's (PHP) capacity by approximately 550,000 Dth/d bringing its total capacity to 2.65 Bcf/d and increasing natural gas deliveries from the Permian Basin to the U.S. Gulf Coast markets.

• RNG Facilities Construction

Kinder Morgan focused on renewable energy sources by constructing three additional landfill-based RNG facilities under its KMRNG project. These facilities aim to produce approximately 3.5 Bcf of RNG a year. The Twin Bridges facility was placed into service in June 2023, Liberty in October 2023, and Prairie View in December 2023.

• Greenholly Pipeline - North Holly Expansion

This joint venture, with Kinder Morgan holding a 39.25% interest, has completed a 38-mile, 36-inch pipeline expansion. This $125 million project, operational since August 2023, adds 1.15 Bcf/d of capacity, connecting KinderHawk's Greenwood system to the North Holly system, backed by long-term contracts.

• TGP and SNG Evangeline Pass

A significant $673 million, two-phase project designed to support Venture Global's Plaquemines LNG facility with 2 Bcf/d of natural gas. The first phase is expected to be operational by the third quarter of 2024, providing 0.9 Bcf/d, and the second phase, offering the remaining 1.1 Bcf/d, by the third quarter of 2025.

• TVA Cumberland Project

This project involves constructing a 32-mile pipeline to transport 0.245 Bcf/d of natural gas to the Tennessee Valley Authority's new generation facility in Cumberland, Tennessee, with an expected in-service date of August 2025 and a project cost of $181 million.

• KMTP System Expansion

Slated for November 2024, this expansion includes a new 30-mile, 30-inch pipeline to deliver up to 0.5 Bcf/d of Eagle Ford natural gas to Texas Gulf Coast and Mexico markets for $180 million.

• Central Texas Pipeline

A $115 million project is expected by the fourth quarter of 2024, involving 22 miles of 30-inch pipeline and additional infrastructure to enhance connectivity and capacity.

• Tejas South to North Expansion

Set for completion in the third quarter of 2024, this $97 million project aims to add compression to increase natural gas deliveries by approximately 0.35 Bcf/d to Houston markets.

• 3Rivers Offload Phase II

With a $96 million investment, this project involves constructing 19 miles of 16-inch pipeline for increased delivery capacity, targeting a second quarter of 2025 in-service date.

• CO2 Diamond M Expansion

This enhanced oil recovery project at the Diamond M field aims to peak oil production over 5,000 barrels per day, with phases rolling out from late 2024 to mid-2025, and peak production expected in 2026, costing $180 million.

• Wyoming Interstate (WIC)

Wyoming Interstate (WIC), which is part of Kinder Morgan, is planning to increase its capacity by 180 MMcf/d. This expansion will extend from Eastern Colorado, across the Continental Divide, to a spot close to a compression station in Wamsutter, Wyoming. They aim to begin building this expansion in June 2024, to have it up and run by May 2025.

El Paso Natural Gas Pipeline System

The El Paso Natural Gas (EPNG) pipeline is a huge network that stretches over 10,140 miles and carries natural gas from San Juan, Permian, and Anadarko basins to areas like California, Arizona, Nevada, New Mexico, Oklahoma, Texas, and Northern Mexico. Besides moving gas around, EPNG can store about 44 billion cubic feet of it underground in Southeast New Mexico.

During the winter of 2022, the price for natural gas went way up, more than $45 for every MMBtu, especially near Southern California. The reason was a very cold winter and not having enough supply, partly because one of EPNG's main pipelines, Line 2000, was shut down for 18 months.

Things got even tougher in August 2022 when there was an explosion and problem with the same Line 2000, causing a big drop in how much gas could go from the Permian Basin to Southern California by 640 million cubic feet a day.

But by November 2023, Kinder Morgan, the company behind EPNG, managed to send a record amount of gas through the system - an average of 2.4 billion cubic feet per day from the Permian Basin, which was 10% more than what they had been sending over the last four months.

Energy Information Administration (EIA) mentioned that the EPNG pipeline system was undergoing scheduled maintenance, which temporarily limited its capacity to transport natural gas.

Renewable Natural Gas (RNG)

In August 2021, Kinder Morgan made a significant move into the RNG market by acquiring Kinetrex Energy for $310 million. Based in Indianapolis, Kinetrex stood out as the Midwest's leading LNG supplier and a rapidly emerging force in the RNG production and supply sector.

In August 2022, Kinder Morgan further expanded its RNG footprint by acquiring North American Natural Resources Inc. (NANR) and its associated entities, North American Biofuels LLC and North American-Central LLC, for $135 million. These acquisitions were projected to add approximately 2 Bcf of RNG to KMI's annual production. Like previous acquisitions of Kinetrex Energy and Mas CanAm, it was part of company's broader strategy to enhance its role across the entire RNG value chain. With all RNG facilities up and running, the company's total RNG production capacity was expected to hit around 7.7 Bcf per year. Three NANR assets were anticipated to contribute 4.8 megawatt-hours in 2023, further diversifying Kinder Morgan's renewable energy portfolio.

Kinder Morgan is advancing its commitment to renewable energy, targeting an increase in its RNG production to 6.4 billion cubic feet annually by the end of 2024. The company has successfully launched three RNG facilities in 2023 and has plans for another addition in the second half of the year. Furthermore, Kinder Morgan is exploring the potential to repurpose its landfill-gas-to-electricity assets for RNG production.

KMI has allocated $84 million towards its energy transition projects, with a significant 92% of this investment dedicated to RNG development. This investment is distributed over a period and represents a modest portion of Kinder Morgan's total spending, which is predominantly focused on traditional energy infrastructure.

They anticipate that, once fully operational, these RNG projects will significantly enhance their financial performance, projecting that the earnings before interest, taxes, depreciation, and amortization from these projects could increase sixfold.

In January 2024, Kinder Morgan expanded its renewable natural gas (RNG) offerings with the start of the Prairie View RNG facility, which became operational on December 20, 2023. Located in Wyatt, Indiana, this facility processes landfill gas from the Prairie View Landfill to produce about 0.8 billion cubic feet (Bcf) of RNG each year.

This addition, along with the earlier completion of the Twin Bridges and Liberty landfill RNG projects in 2023, developed in partnership with one of the top landfill operators in the U.S., increased Kinder Morgan's annual RNG production by roughly 3.9 Bcf.

The RNG produced from these facilities can replace about 28 million gallons of diesel fuel annually, significantly reducing greenhouse gas emissions—around 280,000 tons. This achievement aligns with efforts to mitigate climate change impacts, considering methane's high potency as a greenhouse gas, more than 28 times that of carbon dioxide for trapping heat in the atmosphere as noted by the Environmental Protection Agency.

Kinder Morgan's strategy involves capturing methane from landfill biogas and converting it into RNG, renewable electricity, or medium-Btu energy. This integrated approach not only expands the supply of RNG but also supports other organizations in adopting renewable energy solutions to decrease their carbon footprint, emphasizing Kinder Morgan's commitment to environmental sustainability and emission reduction.

Investments

Kinder Morgan as well as TC Energy, Enbridge, and Williams, will spend the most on pipelines, with about 40% of their capex slated for pipeline modernization projects and maintenance.

RNG, which is biogas made clean enough for pipelines, is drawing investments for its eco-friendly benefits and role in cutting carbon emissions. Boosted by incentives from the Inflation Reduction Act, companies, including those in traditional oil and gas sectors, are pursuing RNG projects. These projects aim to collect methane—a key greenhouse gas—from sources like landfills and dairy farms, turning it into a cleaner energy form.

In Q2 2023, Kinder Morgan expanded its project portfolio by around $500 million and completed around $450 million worth of projects. This activity resulted in a project backlog totaling $3.75 billion, with a significant focus—80%—on natural gas and sustainable projects, including initiatives like certified natural gas, RNG, renewable diesel, and inputs for renewable fuels.

During the same time, KMI launched the first of three Indiana-based landfill RNG projects (a venture that became part of Kinder Morgan following the acquisition of RNG developer Kinetrex Energy in 2021). The facility next to a Waste Management landfill will transform around 8.64 MMscf/d of landfill gas into high-quality RNG.

Another two, situated at the Liberty and Prairie View landfills in Indiana, commenced operations in Q3 2023. These projects will increase Kinder Morgan's yearly RNG production by 3.9 billion cubic feet.

KMI is also working on getting approvals and finishing the design to turn a Michigan landfill into an RNG facility, expected to start in mid-2024, boosting RNG production by another 0.8 billion cubic feet. KMI's expectations for 2024 to invest $2.3 billion in discretionary capital expenditures including expansion projects and contributions to joint ventures.

Carbon Capture, Utilization and Storage (CCUS)

Kinder Morgan is a key player in the Carbon Capture, Utilization, and Storage (CCUS) field, utilizing its extensive CO2 management experience and the U.S.'s largest CO2 pipeline network. This expertise is especially valuable considering the many carbon capture opportunities near its pipelines, from sources like natural gas and coal power plants.

The full CCUS process looks like:

• Talking to Emission Sources

Across North America, Kinder Morgan is discussing with businesses that emit CO2 to capture it directly from their operations.

• Capturing CO2

It's exploring ways to use its experience in CO2 handling to either build or run CO2 capture facilities, aided by its skills in fabrication and processing.

• Transporting CO2

As the top CO2 mover in North America, moving about 1.5 billion cubic feet daily through the Cortez pipeline, it plays a critical role in the CO2 supply chain for EOR projects, emphasizing its pipeline development and construction expertise.

• Using and Storing CO2

Leveraging its long-standing experience in EOR, the company assesses sites for storing CO2. These operations are now more attractive due to incentives like the 45Q tax credit, which supports both oil recovery and CO2 storage.

Natural Gas Pipelines

With a network spanning about 70,000 miles and approximately 40% of the natural gas used across the US, Kinder Morgan operates or has an interest in the largest natural gas pipeline system in North America. Regions include well-known areas such as the Eagle Ford, Marcellus, Bakken, Utica, Uinta Permian, Haynesville, Fayetteville, and Barnett. The company boasts about 702 billion cubic feet of working gas storage capacity.

Interstate

NGPL

The Natural Gas Pipeline Company of America LLC (NGPL) is a major natural gas transporter to Chicago and the Gulf Coast with a network of about 9,100 miles of pipeline and 288 billion cubic feet of gas storage. It is significantly involved in supplying LNG export facilities. NGPL is managed by Kinder Morgan and partially owned alongside Brookfield Infrastructure Partners and ArcLight Capital Partners.

Arlington Storage Company

The Arlington Storage Company operates three key natural gas storage sites with a combined capacity of 15 billion cubic feet. These sites, namely Thomas Corners, Steuben, and Seneca Lake are strategically linked to the Millennium, Dominion, and Tennessee Gas Pipelines.

Elba Express Company

Spanning 200 miles, the Elba Express Company's pipeline system facilitates the movement of natural gas between the Elba Island LNG terminal and the Transco pipeline, affecting several regions and connecting to vital power plants and utility providers.

Fayetteville Express Pipeline

The Fayetteville Express Pipeline runs 185 miles from Arkansas to Mississippi, with a daily capacity of 2 billion cubic feet. It's essential for transporting gas from the Fayetteville Shale to the Midwest and Northeast, representing a partnership between Kinder Morgan and Energy Transfer.

Florida Gas Transmission

Stretching approximately 5,300 miles, the Florida Gas Transmission pipeline transports natural gas from Texas to Florida. It's a collaboration between Kinder Morgan and Energy Transfer, showcasing the significant reach of this pipeline in supplying natural gas across a vast region.

Kinder Morgan Louisiana Pipeline

This pipeline system includes two major pipelines ending at the Cheniere Sabine Pass LNG Terminal. It spans 135 miles and has a capacity of 2.2 billion cubic feet per day, highlighting its critical role in Louisiana's natural gas infrastructure.

Midcontinent Express Pipeline

With a length of 510 miles and five compressor stations, the Midcontinent Express Pipeline is a joint venture between Kinder Morgan and Energy Transfer. It plays a significant role in connecting Oklahoma to Alabama's natural gas markets.

Southern Natural Gas

The Southern Natural Gas pipeline stretches approximately 6,900 miles across multiple states, offering extensive connectivity from natural gas basins to metropolitan markets, including Atlanta and Birmingham.

Stagecoach Pipeline & Storage Company

Stagecoach not only transports but also stores natural gas in New York and Pennsylvania, featuring a network of approximately 75 miles of pipelines and 26 billion cubic feet of gas storage capacity.

Tennessee Gas Pipeline

Kinder Morgan's Tennessee Gas Pipeline system, extending about 11,760 miles, is pivotal in transporting natural gas from the Northeast to various U.S. regions, including major cities and the Gulf Coast, emphasizing its vast coverage and importance to the U.S. natural gas supply chain.

Intrastate

Dos Caminos, LLC

This partnership includes the Spears pipeline, a 62-mile network linking Howard Energy Partners' facilities in Texas to Kinder Morgan's Eagle Ford pipeline, with a capacity of about 500 MMcf/d. Kinder Morgan and Howard Energy Partners each own 50%.

Eagle Ford Midstream

A 158-mile pipeline operated by a Kinder Morgan subsidiary, transporting 1.05 bcf/d of natural gas from the Eagle Ford basin to the Agua Dulce Hub in Texas.

Gulf Coast Express Pipeline

500-mile system moving 2.0 Bcf/d of natural gas from the Permian Basin to Agua Dulce, Texas. Kinder Morgan holds a 34% interest and is the operator, with partners including DCP Midstream and Kinetik Holdings Inc.

Kinder Morgan Texas Pipeline (KMTP)

With about 2,100 miles of pipeline along the Texas Gulf Coast, KMTP is a key intrastate system owned and operated by Kinder Morgan for transporting natural gas.

Kinder Morgan Tejas Pipeline

This extensive network covers approximately 3,800 miles along the Texas Gulf Coast, integrating the South Shore, Mission Valley, La Salle, and Red Gate Pipelines. It's dedicated to transporting natural gas within Texas.

Mier-Monterrey Pipeline

Stretching 90 miles to Monterrey, Mexico, from Texas, this pipeline has a capacity of 640,000 MMBtu per day and serves electric generation and natural gas transportation in Monterrey.

NET Mexico Pipeline

This 120-mile pipeline can transport 2.15 bcf/d of natural gas from Texas to the Mexico border. Kinder Morgan owns 90%, with MGI Enterprises US LLC owning the remaining share.

North Texas Pipeline

An 82-mile bidirectional pipeline connecting to NGPL facilities in Texas and supporting gas transport to a large power plant in Forney, Texas, and potentially to the Barnett Shale area.

Permian Highway Pipeline (PHP)

PHP spans about 430 miles from Texas' Waha area to the Gulf Coast and Mexico, transporting up to 2.1 Bcf/d. Kinder Morgan, owning a 26.7% interest, operates the pipeline alongside Kinetik Holdings Inc. and ExxonMobil.

NGL

In the Eagle Ford, the Houston Central Plant near Sheridan, Colorado County, is notable for being the largest processing plant on the Texas Gulf Coast. It provides a comprehensive range of services, including treating and processing natural gas, as well as NGLs. With a cryogenic processing capacity of about 1.1 Bcf/d, the facility boasts a 1,300 GPM amine treating system, a fractionation capacity of 44,000 Bbls/d, a truck rack for NGL transport, and 21,000 barrels of NGL storage.

Altamont Plant in the Rockies has 4,000 Bbls/d fractionation capacity. In the Williston Basin, Kinder Morgan has two key facilities: the Watford City Plant with a fractionation capacity of 19,000 Bbls/d, and the Bakken Plant, which provides fractionation services of 6,000 Bbls/d.

In the Northern Region, Kinder Morgan operates the Utopia Pipeline System, a 270-mile network transporting ethane from Harrison County, Ohio, to Windsor, Ontario, for petrochemical production. The pipeline has a current capacity of 50,000 bpd, with the potential to expand to over 75,000 bpd.

In the Southern Region, the Cypress Pipeline extends 104 miles from Mont Belvieu, Texas, to Lake Charles, Louisiana for NGLs. Additionally, the Purity Ethane and Propane Pipelines run for 177 miles from the Houston Central Complex in Texas to Dow Chemical's system near Sweeny, Texas.

The Liberty NGL Pipeline, a joint venture with Energy Transfer Partners, spans 87 miles from the Houston Central Complex to Matagorda County, Texas, and onwards to a fractionation facility near Point Comfort, Texas. This pipeline boasts a firm capacity of at least 70,000 Bbls/d for transporting mixed NGLs.

Gathering/Processing

• Williston Basin

Kinder Morgan's midstream assets in North Dakota and Montana include around 1,800 miles of gas-gathering pipelines, four processing plants, two treating facilities, and three NGL fractionation facilities. Its crude oil assets in the region comprise approximately 1,222 miles of gathering pipelines, 888,000 barrels of storage, and 34 truck unloading stations.

• Upper Gulf Coast

Upper Gulf Coast System gathers natural gas from areas north of Houston, Texas. In 2012, Kinder Morgan enhanced its service with a leased 10,000 Mcf/d refrigeration processing plant to support producers in the Woodbine Shale.

• Uintah Basin

Serving Utah's Uintah Basin, the Altamont System gathers casinghead gas from several oil fields through over 1,700 miles of pipelines, supported by 53,000 horsepower of compression and two NGL recovery plants in Altamont and Bluebell. Products such as propane and butanes are sold from Altamont.

• Powder River Basin

Operating in Northern Wyoming's Powder River Basin, the Bighorn system, which Kinder Morgan owns 51% of, gathers and compresses coal bed methane gas through about 290 miles of pipeline, providing up to 300 MMcf/d of capacity.

• Eagle Ford

Located in South Texas' Eagle Ford Shale, the Camino Real system, owned by Camino Real Gathering Company, L.L.C., includes an 83-mile natural gas pipeline and a 69-mile crude oil pipeline, offering significant gathering capacity for both gas and oil producers in the region.

Stretching 142 miles from the Houston Central Complex, the DK Pipeline serves counties within the Eagle Ford Shale, designed to gather and deliver up to 500,000 MMBtu per day.

A fully integrated midstream service for Eagle Ford Shale producers, Eagle Ford Gathering operates around 111 miles of pipeline with a capacity to deliver up to 780,000 MMBtu per day. It is part of a larger network, including additional pipelines and facilities, that gather and process rich Eagle Ford gas for transportation to key processing plants and Kinder Morgan's Houston Central Complex, totaling a processing capacity of 1,690,000 MMBtu per day.

Storage

In Louisiana's Bienville Parish, the Bear Creek Storage offers a large space for storing natural gas, about 59 billion cubic feet in total. It's a joint project, with Southern Natural Gas Company and Tennessee Gas Pipeline Company having equal stakes and sharing the storage space evenly.

Meanwhile, in West Texas, near the Waha trading hub, Kinder Morgan runs the Keystone Gas Storage. This facility stands out because it uses salt caverns to store natural gas, a method known for being efficient and secure. With seven of these caverns, Keystone can store up to 8.6 billion cubic feet of gas, 6.4 billion of which is readily available for use. It's also well-connected, linking up with three major gas pipelines, which helps move gas in and out of the Permian Basin efficiently.

LNG Terminals

Elba Island LNG (Elba) is a unique, small-scale liquefaction operation consisting of 10 modular units, designed for an impressive export ability of 2.5 million tonnes of LNG each year, about 350 million cubic feet of natural gas daily. Kinder Morgan fully owns Southern LNG (SLNG), which manages the Elba Island LNG Terminal, handling everything from LNG storage to the shipping logistics necessary for both importing and exporting.

In Savannah, Georgia, Southern LNG oversees the Elba Island terminal, boasting an 11.5 billion cubic feet storage capacity and the ability to send out up to 1,755 million cubic feet of vaporized natural gas each day.

Down in Mississippi, the Gulf LNG Terminal near Pascagoula stands as an LNG facility that does it all: unloading, storing, and turning LNG back into gas. With two giant storage tanks and regasification of 1.5 billion cubic feet of natural gas per day, it's prepared for the big leagues, equipped to welcome LNG ships of up to 250,000 cubic meters.

Liquid Terminals

Kinder Morgan operates 16 Jones Act product tankers for the transport of crude oil and condensate.

A network of 139 terminals handles renewable fuels, petroleum products, and chemicals, offering services like storage, distribution, and logistics. The company can store about 141 million barrels of liquids and handles around 56 million tons of dry bulk materials each year.

In the Gulf Bulk/Central Region, Kinder Morgan's terminals are designed to manage a variety of products, from heavy crudes and distillates along the Houston Ship Channel to ethanol in Deer Park and Dallas/Ft. Worth, Texas. This area also specializes in providing crude oil solutions in Cushing, Oklahoma.

Lower River Region covers the Louisiana Gulf Coast to Memphis, Tennessee, and even stretches into Florida. It's known for having the largest third-party liquid and dry bulk services, offering extensive material handling capabilities.

In the Mid-Atlantic Region, services extend across Chesapeake Bay, Fairless Hills, Pennsylvania, and New York Harbor, focusing on coal handling, dry bulk, and liquid terminals.

Midwest Region is primarily focused on supporting the chemical industries and refineries of the Midwest, particularly around Chicago. These terminals play a crucial role in supplying products to densely populated areas along the Ohio River.

Northeast Region services from Baltimore Harbor to New York Harbor, including dry bulk services in Perth Amboy, New Jersey, and comprehensive liquid petroleum/chemical distribution services in Carteret and Perth Amboy, New Jersey, and Philadelphia, Pennsylvania. This region benefits from marine access to New York Harbor and connectivity to major pipelines, making it a key hub for liquid product movement.

Southeast Region spans the Carolinas, Alabama, and Arkansas, offering a range of dry bulk handling services for various materials including fertilizer, salt, aggregates, and coal. This region also boasts several liquid terminals for petroleum and chemicals in key locations like Charleston and Wilmington, North Carolina, and specialty chemical handling in Chester, South Carolina. It's equipped to handle scrap metal and provide in-plant services for steel mills