As Output Rises, Infrastructure Spending Could Reach $1 Trillion in Next Decade

摘要

If shale gas production continues to increase at forecasted levels, IHS Global Inc. says investment in oil and gas midstream and downstream infrastructure could balloon to $1.15 Trillion over the next 12 years, according to a study commissioned by the American Petroleum Institute (API) released on Tuesday. API’s study also showed a dramatic 60% increase in infrastructure spending between 2010 and 2013, when spending went from $56.3 billion to $89.6 billion. The study was conducted by IHS Global to demonstrate the rapid growth in pipelines and processing facilities that unfolded after the Great Recession as a result of increased unconventional oil and gas activity. API released the study in conjunction with its annual State of American Energy Report and also launched a new advertising campaign ahead of midterm elections in November.