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    Home > Chemicals Industry > International Chemical > Investment demand in the U.S. natural gas industry over the next seven years will reach $170 billion

    Investment demand in the U.S. natural gas industry over the next seven years will reach $170 billion

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    According to Meg Gentle, the U.
    S.
    natural gas industry must invest $170 billion over the next 7 years on pipelines, compressor stations, export terminals and other related infrastructure to keep up with emerging industries
    .

    "One threat to the U.
    S.
    being able to export LNG and expand export capacity is the overall commitment to invest in mobile gas infrastructure," Gentle, CEO of LNG exporter Tellurian, said in an interview with Bloomberg New Energy Finance
    .

    The U.
    S.
    Energy Information Administration estimates that by 2025, natural gas production will increase by 32 percent from 2017, or 24 billion cubic feet
    .

    Gentle's forecast warns that parts of the U.
    S.
    will continue to lack adequate pipelines
    .

    Appalachian Basin producers have been dealing with a lack of lines from shale gas over the past decade
    .
    With new capacity coming online, spot prices hit record lows last year and began to rebound
    .

    Now the Permian Basin faces a real threat of having to slow crude oil production because drillers lack the capacity to handle all the
    associated gas flows.

    The abundance of cheap natural gas from Permian, West Texas, is an advantage
    for companies building multibillion-dollar plants to cool gas into liquids and export them.

    Allen Gilmer, co-founder of Drillinginfo, said on the sidelines of the Bloomberg Summit that producers are increasingly concerned about worsening pipeline restrictions
    .
    This is difficult for industry insiders to access because these constraints are not driven by operational or engineering issues, but more by "social change and cultural conditions.
    "

    According to Meg Gentle, the U.
    S.
    natural gas industry must invest $170 billion over the next 7 years on pipelines, compressor stations, export terminals and other related infrastructure to keep up with emerging industries
    .

    natural gas

    "One threat to the U.
    S.
    being able to export LNG and expand export capacity is the overall commitment to invest in mobile gas infrastructure," Gentle, CEO of LNG exporter Tellurian, said in an interview with Bloomberg New Energy Finance
    .

    The U.
    S.
    Energy Information Administration estimates that by 2025, natural gas production will increase by 32 percent from 2017, or 24 billion cubic feet
    .

    Gentle's forecast warns that parts of the U.
    S.
    will continue to lack adequate pipelines
    .

    Appalachian Basin producers have been dealing with a lack of lines from shale gas over the past decade
    .
    With new capacity coming online, spot prices hit record lows last year and began to rebound
    .

    Now the Permian Basin faces a real threat of having to slow crude oil production because drillers lack the capacity to handle all the
    associated gas flows.

    The abundance of cheap natural gas from Permian, West Texas, is an advantage
    for companies building multibillion-dollar plants to cool gas into liquids and export them.

    Allen Gilmer, co-founder of Drillinginfo, said on the sidelines of the Bloomberg Summit that producers are increasingly concerned about worsening pipeline restrictions
    .
    This is difficult for industry insiders to access because these constraints are not driven by operational or engineering issues, but more by "social change and cultural conditions.
    "

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