(Reuters) - On Wednesday, Kinder Morgan (NYSE:KMI) declared that it remains optimistic about the market for natural gas, based on greater shipments to Mexico and higher demand from LNG export facilities.

Leaving its ports in December of 2023 with 8.6 million metric tonnes, the United States emerged as the biggest LNG exporter in the world. By the end of 2027, North America's LNG export capacity is expected to reach 24.3 billion cubic feet per day (Bcf/d), largely due to the addition of new plants in Canada and Mexico, according to the U.S. Energy Information Administration.

"American natural gas has a very promising future. And that's good news for our current operations as well as our potential for growth," CEO Kimberly Dang stated in a conference call with investors.

The remarks were made a few days after the business revealed its fourth-quarter financial results, which revealed operational weaknesses in its natural gas pipeline.

According to Kinder Morgan, the company's new projects are being driven by greater pipeline utilisation as a result of rising natural gas demand. Approximately $2.2 billion of its $3 billion project backlog is related to natural gas.

About 40% of all natural gas production is moved by the firm, which operates the biggest natural gas transmission network in the United States.

According to Kinder Morgan, the business is also working on a few projects to increase the amount of natural gas available in the undersupplied southeast market.