How has El Paso Corp. diversified its portfolio?

El Paso Corp. has effectively diversified its portfolio over the years to adapt to the changing landscape of the energy industry. The company initially focused on natural gas transmission and production, which laid a solid foundation for its operations. In response to market demands and the evolving energy sector, El Paso Corp. expanded its scope to include various other segments such as natural gas liquids and the transportation of both natural gas and oil. One significant move in their diversification strategy was the development and investment in infrastructure projects, including pipelines and storage facilities. These projects not only enhanced their operational capabilities but also provided them with a stable revenue stream by facilitating the movement of energy resources across the United States, Mexico, and Canada. In addition to infrastructure, El Paso Corp. pursued strategic mergers and acquisitions to bolster its portfolio. This included the purchase of companies with complementary services or technologies, which allowed El Paso to expand its reach and capabilities in areas such as renewable energy and energy efficiency. The company has also targeted international markets to diversify its geographical footprint, thereby reducing reliance on domestic markets. This international expansion has created opportunities in various countries, allowing El Paso to engage in energy projects that align with global energy trends, such as liquefied natural gas. Overall, El Paso Corp. has utilized a multifaceted approach to diversification, balancing traditional energy operations with innovative projects and strategic partnerships to position itself effectively in a competitive marketplace. For the latest information about their initiatives and projects, it may be beneficial to explore the current web page of El Paso Corp.