A Bet on Gas
A bet on gas U.S. pipeline company Kinder Morgan's takeover this week of rival El Paso combines the two largest natural gas shippers in North America. The $21-billion deal is a bet on the fast-growing market for the fuel. PIPELINES El Paso Kinder Morgan Gas Products Petroleum CANADA UNITED STATES MEXICO FORECASTED CAPITAL EXPENDITURES Gas, natural gas liquids and oil in U.S. and Canada, in billions of U.S. dollars 2011-2020 2011-2035 Avg. annual $46.2 Gas trans- mission mainline pipeline $3.9 $97.7 $51.9 Gas infrastructure* $4.3 $107.5 $98.1 Total gas $8.2 $205.2 Natural gas mainline pipeline** $19.6 $1.3 $31.4 Oil mainline pipeline $12.3 $0.6 $14.5 *Gathering, compression, processing *Ethane, propane, butane GLOBE AND MAIL ยป SOURCES: REUTERS; INTERSTATE NATURAL GAS ASSOCIATION OF AMERICA FOUNDATION; KINDER MORGAN
A Bet on Gas
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