(Adds details from paragraph 2 onwards) Oct 22 (Reuters) – U.S. pipeline operator Kinder Morgan posted a rise in third-quarter profit on Wednesday, helped by higher volumes of natural gas transported through its pipelines. Pipeline operators such as Kinder Morgan are banking on growing natural gas demand from LNG export facilities as well as a rise in power generation associated with AI operations, cryptocurrency mining and data centers. The U.S. LNG sector is witnessing a resurgence in commercial activity driven by expectations of rising exports as new terminals come online following President Donald Trump's January decision to lift a pause on new permits. The company said it transported about 47,461 billion British thermal units of natural gas per day in the quarter, compared with 44,827 billion Btu per day last year. The Houston, Texas-based company said its net income came in at $628 million for the three months ended September 30, compared with $625 million a year earlier. (Reporting by Sumit Saha in Bengaluru; Editing by Alan Barona)
(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
By Maggie Fick and Mariam Sunny Dec 22 (Reuters) - The U.S. Food and Drug…
Dec 22 (OPTA) - Results and fixtures for the La Liga on Monday (start times…
Working with nature and conserving resources are important, say experts. London (PA Media/dpa) - If you’ve…
Dec 22 (Reuters) - Coinbase said on Monday it will buy prediction markets startup The…
By Steven Scheer JERUSALEM, Dec 22 (Reuters) - Israeli high-tech companies raised $15.6 billion in…
By Akash Sriram Dec 22 (Reuters) - Oracle co-founder Larry Ellison has stepped in to…