Natural gas demand is heating up, spawning an infrastructure boom! Kinder Morgan (KMI.US) bets a hefty $4.7 billion on two major pipeline projects.

Zhitong Finance APP has learned that U.S. pipeline operator Kinder Morgan (KMI.US) said on Wednesday that the company has approved a total investment of $4.7 billion in two large natural gas pipeline joint ventures. These investments will be borne by the company in its corresponding shares, and the investment decisions are based on growing demand from power plants, data centers, and liquefied natural gas (LNG) exporters. These projects have pushed the scale of Kinder Morgan's natural gas project backlog to a record level, highlighting that the entire industry is striving to expand infrastructure to meet new demand.