Strong North American Project Spending for Gas Infrastructure Expected to Continue, an Industrial Info News Alert
SUGAR LAND, Texas, Oct. 24, 2017 /PRNewswire/ — Researched by Industrial Info Resources (Sugar Land, Texas)–U.S. natural gas producers have struggled to operate profitably in a low-price environment. That doesn’t look likely to change any time soon. But those low prices, along with incredible efficiency gains, have shifted investment to short-cycle unconventional shales. Recovering prices and OPEC cuts have increased unconventional upstream production investment 50% this year. This is leading to strong growth in investments for domestic infrastructure projects like gas-processing facilities and gas pipelines, Shane Mullins, Industrial Info’s vice president of product development for energy markets, told about 500 attendees at Industrial Info’s 2018 Industrial Market Outlook event held October 12 in Baton Rouge, Louisiana.
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