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According to Forbes, Kinder Morgan Energy Partners LP (NYSE:KMP), a subsidiary of Kinder Morgan Inc. (NYSE:KMI), could stand to do well in light of the rising production and consumption of natural gas.
According to Forbes, Kinder Morgan Energy Partners LP (NYSE:KMP), a subsidiary of Kinder Morgan Inc. (NYSE:KMI), could stand to do well in light of the rising production and consumption of natural gas.
As quoted in the publication:
Because of overproduction by natural gas suppliers, the prices of natural gas have been at decade low levels. Regardless, Kinder Morgan has performed strongly despite significant natural gas exposure. Even in an environment of falling natural gas prices, there is still a need to store the existing supply, and here Kinder Morgan’s storage depots come in handy. However, in the present supply glut is gas, higher storage revenues from natural gas have been offset by the reduction in gas volume transportation revenues. Given the projected rise in demand for natural gas from the industrial and electrical power sectors, the trend in falling transportation revenues should be expected to reverse.
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