INGAA Foundation: North American Midstream Infrastructure through 2035

摘要

The benefits of the shale revolution that have transformed the North American energy landscape can only be realized by constructing new midstream infrastructure. That is one of the conclusions of a just released 2014 study conducted by ICF International on behalf of the INGAA Foundation Inc.1 America’s Natural Gas Alliance (ANGA) cosponsored this report. The 2014 study forecasts $641 billion in total capital expenditures, or nearly $30 billion per year, from natural gas, natural gas liquids (NGLs) and oil midstream activity from 2014 to 2035. The investments will be driven by projected increases in U.S. and Canadian crude oil and natural gas supply, as well as North American market growth, particularly in the power, industrial and exports sectors. The projected midstream energy infrastructure investment will yield an annual average of roughly 432,000 jobs across the U.S. and Canada through 2035 (the study sponsors acknowledge that this may be a more inexact calculation). Natural gas, NGL and oil midstream investment will contribute $885 billion in value added to the U.S. and Canadian economy and $302 billion in combined tax revenue.