Massive investment needed for oil, gas facilities, experts say

05/28/2012
Billions of dollars will be needed to build additional pipelines, terminals, and storage facilities to bring new US oil and natural gas resources to market, experts said on May 21 during Deloitte LLP's 2012 Washington Energy Conference. Outlays of $10-20 billion/year could be required over the next 20 years to build new systems and facilities as well as modify existing ones, suggested Curt Launer, managing director of natural resources in Deutsche Bank's Corporate Finance Coverage Group. "We think the biggest risk won't be interest rates, but access to capital because so much infrastructure will need to be built," he said during an infrastructure financing discussion. This sessi...
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