Forecast: $26B Per Year for 'Midstream' Energy Infrastructure
Capital spending on U.S. and Canadian oil and gas pipelines and other “midstream” energy infrastructure will average, to 2035, an estimated $26 billion a year, according to a new study from the Interstate Natural Gas Association of America (INGAA). That total is down from a 2014 INGAA forecast.
The new analysis, released on April 12, provides a range of spending estimates, from a “low case” of $471 billion, or an average of $22.4 billion a year, to a “high case” of $621 billion, or an annual $29.6 billion. The midpoint total is $546 billion, or $26 billion per year.