September 26, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Global demand for liquefied natural gas (LNG) has been a top priority for U.S. gas developers in recent years, and pipeline companies are hearing louder calls for infrastructure that can carry feedstock to facilities for processing and export. Industrial Info is tracking more than $6.8 billion worth of natural gas transmission projects across the U.S. that are scheduled to begin construction from October through December, more than 90% of which is attributed to projects that have a medium-to-high likelihood (70% or more) of moving forward as planned.
As is often the case, Texas dominates the list of pipeline kickoffs, with Louisiana in second place. Much of the Lone Star State's buildout is in and around the Permian Basin, where the demand for takeaway capacity has been skyrocketing in recent years. Earlier this summer, the U.S. Energy Information Administration (EIA) reported the Permian saw its gross natural gas production hit a record 21 billion cubic feet per day in 2022, a 14% jump from its 2021 average.
Companies featured: Energy Transfer (NYSE:ET), MPLX LP (NYSE:MPLX), WhiteWater Midstream, Cheniere Energy and TC Energy Corporation (NYSE:TRP)
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