Industrial Info Sees More Natural Gas Than Crude Pipeline Projects in Past 12 Months, an Industrial Info News Alert
(firmenpresse) - SUGAR LAND, TX -- (Marketwired) -- 07/11/16 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- In a price environment where is still hovering around $50 per barrel on a good day, it comes as no surprise that crude, condensate, and bitumen are in short supply. With production declining or stagnating across multiple plays, the economics for new pipelines are just not there. Natural gas, by contrast, has existed in a price-depressed environment for more than six years now, and judging by the level of activity, the industry has adapted spectacularly.
While Industrial Info has added just shy of $16 billion across 29 new crude oil pipeline projects in the past 12 months, $14 billion of which is made up by a Canadian mega project, it has added more than $8.1 billion across more than 280 new natural gas pipeline projects in North America. Suffice to say, with the exception of the one outlier Canadian mega project, activity on natural gas pipeline infrastructure is greatly outpacing that of crude oil.
Within this article: Details on several pipelines that Industrial Info is tracking, including those owned by Eagle Spirit Energy Holdings.
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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info''s quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what''s happening now, while constantly keeping track of future opportunities. Follow IIR on: -- -- . For more information on our coverage, send inquiries to or visit us online at .
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Datum: 11.07.2016 - 04:00 Uhr
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News-ID 1446036
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