US, Canada require major gas infrastructure investment

Natural gas demand in the US and Canada has caught up not only with wellhead supply but also with existing storage capacity and transportation infrastructure, reported Merrill Lynch Global Securities Research & Economics Group."It's going to be a long, hard, expensive slog," analysts Sam Brothwell, John Herrlin, and Andrew Fairbanks said in a May 26 executive research summary. "New supply sourcing is the central issue, and that requires downstream infrastructure to be addressed in a comprehensive manner."Expecting multibillion-dollar capital expenditures to keep gas supplies flowing reliably during the next several years, they listed four key issues:LNG infrastructure, which Merrill L...

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