To fully benefit from our clean, abundant and domestic natural gas resources, the United States needs a robust infrastructure.
According to a report recently released by the Interstate Natural Gas Association of America (INGAA) Foundation, North American Midstream Infrastructure through 2035: Capitalizing on Our Energy Abundance, our industry will need to invest more than $313 billion between 2014 – 2035 to build infrastructure to transport domestic natural gas and associated oil and natural gas liquids to consumers. Natural gas midstream infrastructure includes mainlines, laterals, processing, storage, compression and gathering lines.
The report also shows a total $56 billion of investment will be needed for natural gas liquids (NGLs) infrastructure, including transmission pipelines, pumping, fractionation and NGL export facilities.
The projected midstream energy infrastructure investment of more than $640 billion (includes natural gas, natural gas liquids and crude oil) will yield an annual average of more than 430,000 jobs across the United States and Canada through 2035. The total investment will create an estimated $588 billion in labor income. Natural gas, NGL and oil midstream investment will contribute $885 billion in value added to the United States and Canadian economy and $302 billion in combined tax revenue.