Free Trial
US TSY FUTURES

BLOCK, Large 5Y Buy

MARKET INSIGHT

What to Watch: PMI

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Permian Gas Pipeline Financing Approved

NATURAL GAS

US pipeline operator Kinder Morgan has approved financing to expand a gas pipeline that brings volumes from fields in west Texas to export hubs near Houston.

  • The decision coincides with higher demand to export LNG cargoes out of the US Gulf to both Europe and Asia. European demand has hiked as an alternative source to Russian gas.
  • The Permian Highway Pipeline currently carries 2.1 billion cfd – the expansion would add 550 million cfd, with higher capacity starting November 2023.
  • The project still requires approvals and permitting.
87 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

US pipeline operator Kinder Morgan has approved financing to expand a gas pipeline that brings volumes from fields in west Texas to export hubs near Houston.

  • The decision coincides with higher demand to export LNG cargoes out of the US Gulf to both Europe and Asia. European demand has hiked as an alternative source to Russian gas.
  • The Permian Highway Pipeline currently carries 2.1 billion cfd – the expansion would add 550 million cfd, with higher capacity starting November 2023.
  • The project still requires approvals and permitting.