Kinder Morgan plans billions in 2020 project, JV spending

Houston-based Kinder Morgan Inc. (NYSE: KMI) plans to spend about $2.4 billion on expansion projects and joint ventures in 2020, according to a press release.

That’s in line with recent ranges the midstream company has been eyeing.

As of the end of the third quarter, Kinder Morgan had $4.1 billion in capital projects on its backlog, and it plans to spend between $2 billion and $3 billion each year on organic investment opportunities, according to a November presentation to its shareholders. In-service…