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Industrial Info Sees More Natural Gas than Crude Pipeline Projects in Past 12 Months

Industrial Info Sees More Natural Gas than Crude Pipeline Projects in Past 12 Months

SUGAR LAND--July 11, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--In a price environment where crude oil is still hovering around $50 per barrel on a good day, it comes as no surprise that crude, condensate and bitumen pipeline projects 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 over 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 over $8.1 billion across over 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 and Enbridge Incorporated (NYSE:ENB).