U.S. Oil, Natural Gas Infrastructure Growth Potential Said ‘Significant’ as LNG, Mexico Exports Climb
The potential for oil and natural gas infrastructure development remains “significant” through 2025 as the U.S. economy recovers from Covid-19 and exports increase, according to ICF Resources Inc.
In a report prepared for the Interstate Natural Gas Association of America (INGAA), ICF said one scenario used by researchers to evaluate changes to markets and infrastructure development found that almost 33 Bcf/d of capacity is expected to be placed into service during between 2020 and 2025. The projected development is lower on a per-year basis than it was in 2018, which was “a banner year for pipeline construction,” according to ICF.