Kinder Morgan CEO says backlog of $9.3B reflects expected 20% demand growth

“Overall, total demand for natural gas is expected to grow by 20% through 2030, led by LNG exports. We are also actively pursuing well over 5 Bcf/d of opportunities to serve the natural gas power generation sector. Approximately 50% of our backlog is associated with projects supporting power generation. In the markets we serve, we expect nice growth in power demand in the coming years. With 66,000 miles of natural gas pipelines connected to all major basins and demand centers, along with over 700 Bcf of working gas storage capacity, we are confident that we will secure our share of additional natural gas infrastructure projects supporting rising natural gas demand,” said CEO Kim Dang. “Our project backlog reflects this strong natural gas demand. At the end of the second quarter of 2025, the backlog stood at $9.3 billion, net of approximately $750 million in projects placed in service. This constitutes a 6% increase compared to $8.8 billion at the end of the first quarter of 2025. Natural gas projects account for approximately 93% of our backlog.”