INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

03/24/2014
An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natural gas liquids infrastructure from 2014 through 2035, the INGAA Foundation forecasts in a recent study. The report, North American Midstream Infrastructure Through 2035: Capitalizing on Our Energy Abundance, also forecasts that natural gas midstream investments in the two countries will need to total $313.1 billion over the 22-year period, or an average $14.2 billion/year. Another $56 billion, or $2.5 billion/year, will be required for NGL pipeline, pumping, fractionation, and export facilities, it indicated. Meanwhile, $271.8 billion, or $12.4...
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