SPECIAL REPORT: US gas carriers’ 2005 net incomes climb; construction costs plummet

US natural gas pipeline operators continued to see their net profits grow in 2005, the nearly $3.9 billion earned marking an increase of almost 8%, following more than 10% growth in 2004. Operators also continued to invest in capacity expansion, with formal construction plans brought before the US Federal Energy Regulatory Commission for new or expanded pipeline and compression nearly on par with the high levels seen the prior year, despite the tripling of the number of plans filed in the previous 12-month period ending June 30, 2005 (OGJ, Sept. 12, 2005, p. 50). The balance of this mix of proposed construction, however, moved toward increased compression, with the number of new pipeline ...

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