Market changes shape N. American gas spending needs

10/25/2004
Investment requirements for natural gas infrastructure in North America will be amplified by market changes beyond the 33% consumption growth expected through 2020.Consumption of gas not only will expand but also will occur in new locations and depend greatly on supply from new sources. The consequent flow changes raise needs for pipelines and storage facilities beyond what they would be if the expected market growth were geographically static.Rerouting is central to the projection, in a study done for INGAA Foundation Inc., that investment needed for North American gas pipelines and storage will total $61 billion (2003 dollars) through 2020 (OGJ, Aug. 23, 2004, p. 54).Conducted by Energy...
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