Business3 sources
Kinder Morgan Invests $4.7 Billion in Gas Pipeline Projects Amid Surging Demand
- Kinder Morgan is investing $4.7 billion in two gas pipeline projects.
- The investment is driven by surging demand for natural gas to support data centers.
- The projects are expected to supply fuel for data centers, particularly in Texas.
- The AI power revolution has emerged as a massive growth megatrend, increasing the need for new infrastructure.
- The investment aims to lock up the power needed for the expansion of data centers.
Articles (4)
The Motley Fool·
Energy Transfer vs. Kinder Morgan: Which Natural Gas Pipeline Stock Is the Better Buy for the AI Power Boom?
This 3.5%-Yielding Dividend Stock is Betting Another $5.4 Billion to Help Fuel the AI Power Revolution
Reuters·
Kinder Morgan to invest $4.7 billion in two gas pipeline projects as demand surges
Bloomberg·
New $4.2 Billion Texas Gas Pipe to Supply Fuel for Data Center