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Strong North American Project Spending for Gas Infrastructure Expected to Continue
Industry Segment: Production | Word Count: 1385 Words
Attachment: NG onshore, LPG demand, ethanedemand
Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. natural gas producers have struggled to operate profitably in a low-price environment. That doesn't look likely to change any time soon. But those low prices, along with incredible efficiency gains, have shifted investment to short-cycle unconventional shales. Recovering prices and OPEC cuts have increased unconventional upstream production investment 50% this year. This is leading to strong growth in investments for domestic infrastructure projects like gas-processing facilities and gas pipelines, Shane Mullins, Industrial Info's vice president of product development for energy markets, told about 500 attendees at Industrial Info's 2018 Industrial Market Outlook event held October 12 in Baton Rouge, Louisiana.
Within this article: Natural gas-related processing plant projects. Additional companies: Enterprise Products Partners LP (NYSE:EPD), Targa Resources Corporation (NYSE:TRGP), DCP Midstream LP (NYSE:DCP), Buckeye Partners LP (NYSE:BPL), Chesapeake Utilities Corporation (NYSE: CPK), Kinder Morgan Incorporated (NYSE:KMI)
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