U.S. Pipeline Market Sees Buildouts in Permian, Other Hotspots
Attachment: US NG pipe 2Q23
March 21, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--As the U.S. reports record production of natural gas, in addition to record exports of the fossil-fuel resource and natural gas liquids (NGL), developers of large-scale, commercial gas pipelines are rushing to meet demand for takeaway capacity from some of North America's busiest hotspots, such as the Permian Basin and the Marcellus and Utica shale plays.
Industrial Info is tracking more than $7.3 billion worth of active, U.S.-based natural gas pipeline projects that are set to begin construction in the second quarter, of which Industrial Info's researchers believe about $6 billion worth have a medium-to-high likelihood (70% or more) of beginning as planned. Eastern Shore Natural Gas, the interstate natural gas pipeline subsidiary of Chesapeake Utilities Corporation (NYSE:CPK), leads all other project developers in its investment in second-quarter kickoffs.
Other companies featured WhiteWater Midstream, EnLink Midstream LLC (NYSE:ENLC), Devon Energy Corporation (NYSE:DVN), MPLX LP (NYSE:MPLX), ANR Pipeline Company and TC Energy Corporation (NYSE:TRP).
