U.S., Canadian Natural Gas-Fired Plants Plot Maintenance in Tight Market

June 21, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Despite soaring prices, the consumption of natural gas in the U.S. and Canadian electric power sectors has remained high throughout 2022. The U.S. Energy Information Administration (EIA) estimates the consumption of natural gas in the U.S. electric power sector will average 900 million cubic feet per day more this year than in 2021, albeit with demand continuing to outpace production. North American processors of gas for energy generation and other purposes will need to keep their facilities in the best working order amid the ongoing energy crunch.

Industrial Info is tracking about 100 maintenance-related projects at U.S. and Canadian natural gas-fired units that are set to kick off in the third quarter. Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) is investing more in maintenance-related projects for gas-fired units than any other North American company in the third quarter, according to Industrial Info's Global Market Intelligence (GMI) Project Database, while Brookfield Infrastructure Partners LP (NYSE:BIP) (Toronto, Ontario) accounts for the highest number of gas-unit maintenance projects.

International Paper Company (NYSE:IP) (Memphis, Tennessee) is among the companies in the Pulp & Paper Industry that frequently rely on natural gas to process wood into pulp.

Other companies featured: Enbridge Incorporated (NYSE:ENB)