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2022 Market Outlook: Rising Production Means More Expansions to Processing Plants, Pipelines

2022 Market Outlook: Rising Production Means More Expansions to Processing Plants, Pipelines

oil_gas_production

Industry Segment: Production | Word Count: 682 Words
Attachment: OUTLOOK-NGL-LNG Shane 0122

SUGAR LAND--January 31, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Growing global demand for natural gas and natural gas liquids (NGL) means the U.S. will need more processing and takeaway capacity in the years to come, said Shane Mullins, Industrial Info's vice president of Product Development, during a webinar on the 2022 U.S. & Canada Industrial Market Outlook. Both the gas-processing and transmission industries will need to accommodate rising production with expanded capacity.

Within this article: Details on how a potential supply gap for LNG is driving demand, based on projections from Industrial Info, and LNG capacity in various phases of development.

Companies featured: Cheniere Energy Incorporated (NYSE:LNG), Exxon Mobil Corporation (NYSE:XOM), Qatar Energy, Venture Global LLC, Venture Global LNG Incorporated, Kinder Morgan Incorporated (NYSE:KMI) and Williams Companies Incorporated (NYSE:WMB).

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