Kinder Morgan Reports Lower-Than-Expected Profits But Remains Upbeat ...Middle East

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Kinder Morgan Reports Lower-Than-Expected Profits But Remains Upbeat
source : OILPRICE ( Middle East ) () 58
Kinder Morgan reported a lower-than-expected net result for the third quarter of the year but said the outlook over the short term was positive, largely thanks to expectations of stronger natural gas demand. “This quarter KMI continued to benefit from strong demand for our natural gas transportation and storage services,” chief executive Kim Dang said. “And the future is bright as we 1 expect natural gas demand to grow by more than 20% through 2028, led by liquefied natural gas (LNG) exports, exports to Mexico and power generation,”…

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