The U.S. and Canada will need an average of about $26 billion a year in infrastructure investments for transportation, processing and storage of crude oil, natural gas and natural gas liquids over the 21-year period from 2015 to 2035, according to a study released April 12 by the INGAA Foundation.
The study, done by consulting company ICF International, said the lion’s share of the investment, about 61 percent, would be for natural gas infrastructure, about 30 percent for oil and 9 percent for natural gas liquids, for an aggregate of $471 billion over 21 years in a low-case investment and ...
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