Kinder Morgan reports $14B in backlogged infrastructure plans

[unhappycamper]

http://www.mysanantonio.com/business/eagle-ford-energy/article/Kinder-Morgan-reports-14B-in-backlogged-4831039.php

Kinder Morgan reports $14B in backlogged infrastructure plans
By Collin Eaton, Houston Chronicle : September 20, 2013

Building pipelines from newly fired-up resource plays to U.S. markets will take a huge amount of industry money, and for the country's largest pipeline player, the future already has a number: $14 billion.

That's the dollar amount pegged to Houston-based Kinder Morgan's five-year backlog of pipeline, terminal and other planned infrastructure projects that have yet to see the light of day, President and Chief Operating Officer Steven Kean said at a New York conference earlier this month.

The figure surpasses the $10.6 billion the company expects to spend on expansions and acquisitions this year — and it dwarfs the company's average $3.2 billion in growth spending from 2007 to 2012.

About $8 billion of the project backlog is slated to start up in or after 2016, the future offspring of a domestic boom that Deutsche Bank says has seen oil production grow 15 percent per year and natural gas grow about 10 percent per year.

[djean111]

1. Oh, I'm sure they will figure out a way to get us taxpayers to pony up, one way or

another. Why, power companies can start collecting money from their customers for just thinking about building a nuclear plant! They don't even have to return the money if they don't manage to get the government subsidies to build it! Sweet!

[pscot]

2. A lot can happen

between now and 2016.