Capitalizing on Energy Abundance: Reaping the Benefits Will Require a Multi-Billion Dollar Investment

Richard Hoffmann, the Executive Director of the INGAA Foundation, Inc., wrote an article that appeared in the International Right of Way Association (IRWA)’s July/August edition of Right of Way Magazine: The Voice of the Right of Way Profession, which explained the need for energy infrastructure investment in order to capitalize on the energy abundance in the United States.

“When it comes to the shale revolution, the United States and Canada are clearly among the fastest growing production areas. The unprecedented pace of natural gas and crude oil development in North America has turned the U.S. into the world’s largest natural gas producer. As a result, it has become possible to envision a world in which America, once heavily reliant upon foreign crude oil, becomes a net oil and liquefied natural gas (LNG) exporter within a couple of decades. However, getting there will require a vast investment in midstream infrastructure, according to a study released in April by the Interstate Natural Gas Association of America (INGAA) Foundation. America’s Natural Gas Alliance was a joint sponsor of the infrastructure study. The study, North American Midstream Infrastructure through 2035: Capitalizing on Our Energy Abundance, found that companies will need to invest $641 billion over the next two decades in pipelines, processing plants, pumps and other infrastructure to keep up with the natural gas, crude oil and natural gas liquids (NGL) flowing from U.S. fields.”

The article can be seen in its entirety on pages 29-31 of IRWA’s July/August edition of Right of Way Magazine: The Voice of the Right of Way Profession found here, or by clicking below: