Gas Boom Means U.S. Exports Grow Fastest Rate Since ’70s
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The natural gas glut that’s straining drillers is creating a bonanza for pipeline operators, spurring the biggest increase in exports to Mexico and Canada since the 1970s.
Kinder Morgan Energy Partners LP, the biggest U.S. pipeline company, and its rivals are planning to add 2.4 billion cubic feet a day of export capacity within three years, or enough gas to heat 32,000 U.S. homes. That’s a 58 percent increase on this year’s total, which in turn was up 34 percent from 2011.