U.S. Gas Pipelines Set for Up to $5 Billion in 1Q Kickoffs

January 10, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With a growing number of U.S. power producers sticking to natural gas as their baseline power for years to come, pipelines continue to be in demand, particularly in heavy-consumption hotspots like the Washington Beltway and the U.S. Gulf Coast. Industrial Info is tracking $5.2 billion worth of natural gas pipeline projects that have a medium to high probability (70% or more) of beginning construction across the U.S. in the first quarter.

Chesapeake Utilities Corporation (NYSE:CPK), one of the major suppliers and processers of natural gas in the U.S. Mid-Atlantic region, is set to begin work on a long-anticipated project. Other companies with projects in the works include Enbridge Incorporated (NYSE:ENB), Kinder Morgan Incorporated (NYSE:KMI) and Williams Companies Incorporated (NYSE:WMB).