Kinder Morgan announced its preliminary 2014 projections for Kinder Morgan Inc. (NYSE: KMI), Kinder Morgan Energy Partners LP (NYSE: KMP), Kinder Morgan Management LLC (NYSE: KMR) and El Paso Pipeline Partners LP (NYSE: EPB).
“We anticipate strong growth in 2014 across the Kinder Morgan family of companies. We currently have identified approximately $14.4 billion in expansion and joint venture investments that we are confident will contribute to our growth, and we are pursuing customer commitments for many more projects,” Richard D. Kinder, chairman and CEO, said in the release.
Kinder Morgan owns and operates a large, diversified portfolio of primarily fee-based energy assets across North America that historically have produced substantial cash flow in virtually all types of market conditions.
“We see exceptional growth opportunities across all of KMP’s business segments, including the need for more midstream infrastructure to move and store oil, gas and liquids from the prolific shale plays in the United States and the oilsands in Alberta, along with increasing demand for CO2,” Kinder said.
In 2014, KMP expects to:
Kinder Morgan Inc. owns and operates energy transportation and storage assets in the U.S. and Canada. The company is headquartered in Houston.