Kinder Morgan Announces the Advancement of $1.7B Gas Pipeline in Texas
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Kinder Morgan has announced a $1.7 billion investment in the Trident pipeline project in Katy, Texas, which will deliver 1.5 billion cubic feet of natural gas daily by 2027. This project is driven by the increasing energy demand in Texas.
January 30, 2025 | 12:30 pm
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Kinder Morgan's $1.7 billion Trident pipeline project in Texas is a significant investment aimed at meeting the growing energy demand. The project is expected to enhance the company's capacity to deliver natural gas by 2027.
The announcement of a $1.7 billion investment in a new pipeline project indicates a strategic move by Kinder Morgan to expand its infrastructure and meet rising energy demands. This is likely to positively impact KMI's stock as it shows growth potential and commitment to increasing capacity.
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