Biggest M-U Pipeline Companies Pledge Net-Zero Emissions by 2050
Members of the Interstate Natural Gas Association of America (INGAA) announced yesterday a set of climate change commitments that outline in detail its mission to help address climate change, including working together as an industry towards reaching net-zero greenhouse gas (GHG) emissions from natural gas transmission and storage by 2050. INGAA members pledging to hit that target include the biggest pipeline companies in the M-U, including Williams, Kinder Morgan, and Enbridge.
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In an effort to flow more natural gas to a starving New York City, Kinder Morgan cut a deal with utility company Consolidated Edison in 2019 to provide more gas by beefing up capacity along its Tennessee Gas Pipeline (TGP) that feeds NYC, allowing Con Ed to avoid cutting customers off from natgas hookups (see 
In March 2019 MDN told you about Kinder Morgan’s Natural Gas Pipeline Company of America LLC (NGPL) project that carries Marcellus/Utica gas from the Midwest all the way to the Gulf Coast to feed just about any of the existing or under construction LNG export plants in the region (see 
The first of 10 LNG (liquefied natural gas) mini-trains at Kinder Morgan’s Elba Island, Georgia export facility went online in December of last year (see 
We were wrong. In August MDN told you that the tenth and final mini-train had gone online at Kinder Morgan’s Elba Island, Georgia LNG export facility (see 
In May, Australian company LNG Limited (LNGL) found a buyer for its Magnolia LNG export project, located in Louisiana, for $2 million (see 
And that’s that! The first of 10 LNG (liquefied natural gas) mini-trains at Kinder Morgan’s Elba Island, Georgia export facility went online in December of last year (see 
The Federal Energy Regulatory Commission (FERC) granted permission to Kinder Morgan to begin service on train #10 at KM’s Elba Island LNG export facility, located near Savannah, Georgia. KM’s Elba project consists of 10 mini-trains, each capable of liquefying 0.3 million tonnes per annum (MTPA) of LNG–or roughly 40 million cubic feet per day (MMcf/d) of natural gas. There’s just one train left to bring online…
Last year, in an effort to flow more natural gas to a starving New York City, Kinder Morgan cut a deal with utility company Consolidated Edison to provide more gas by beefing up capacity along its Tennessee Gas Pipeline (TGP) that feeds NYC, allowing Con Ed to avoid cutting customers off from natgas hookups (see 
Earlier this week Kinder Morgan, one of (perhaps THE) largest pipeline company in the U.S., issued its second-quarter update. While most headlines blare that the company “lost” $637 million during 2Q, what they don’t say (until you read a few paragraphs in) is that it was a paper loss. Yes, revenue was down. But if you take the impairment (writedown) charge away, KM actually made $363 million in profit during 2Q. It was not, however, KM’s financial performance that caught our attention. It was the update on Marcellus/Utica projects like the Elba Island LNG export facility and a new project to expand Tennessee Gas Pipeline to provide more gas into New York City that caught our eye.
In March 2019 natural gas utility Consolidated Edison, which supplies Manhattan, the Bronx and most of Westchester County, slapped a moratorium on new natural gas customers from hooking up to the grid in Westchester due to lack of gas supplies (see