American Petroleum & CO2 Segment Overview
U.S. Expected to Support Increasing Global Demand
Reliable trade partner with ample reserves & price-competitive production
FULL CYCLE COST OF LNG PROJECTS
■US
Other
$/mmbtu
12
U.S. LNG exports are globally competitive and can
provide reliable & affordable gas at a cost $8-$9/mmbtu
new LNGI
capacity
~100 mtpa of
10
required to meet
2035 demand
8
~170 mtpa I
needed by 2035 |
in a delayed I
transition I
scenario I
KINDER MORGAN
U.S. proved natural gas reserves increased 32% in 2021
U.S. NATURAL GAS
U.S. OIL
360 bbo
total reserves
2,973 tcf
total reserves
or
86 years
or
83 years
of production
of production
6
2
30
60
90
120
150
180
210
240
270
300
330
mtpa
U.S. EXPORTS
■natural gas exports (bcfd) ■oil exports (mmbbld)
15
3
2021
26
7
2030
LNG project costs based on McKinsey Energy Insights analysis. LNG projects currently facing severe difficulties in terms of technology, sanctions, or stakeholder alignment (including Russian, Iranian and Mozambique projects) are
excluded. Exports based on IEA data from the IEA (2022) World Energy Outlook, World Energy Outlook 2022 - Analysis - IEA. All rights reserved; presentation modified by Kinder Morgan (data unchanged). STEPS (Stated Policies)
scenario. Total reserves based on EIA data and include proved, probable, and possible reserves. Years of remaining production calculated based on 2021 U.S. production.
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