A new study commissioned by the INGAA Foundation Inc reports that between $471 billion USD (low case) and $621 billion USD (high case) will need to be spent from 2015-2035 on natural gas, crude oil, and natural gas liquids infrastructure in Canada and the US.
The report is entitled North American Midstream Infrastructure Through 2035: Leaning into the Headwinds and was produced by INGAA on behalf of professional services and technology solutions provider ICF International.
Using the high case $621 billion projection as an example, the expenditures would produce an estimated 425,000 jobs in Canada and the US from 2015 to 2035 and an estimated 323,000 jobs each year using the low case expenditure of $471 billion. Both low and high case scenarios assume significant investment and work in shale plays.
The majority of spending will be on gas transportation systems including expenditures on gathering and transmission systems, compressors, laterals, gas-lease equipment, processing, gas storage, and LNG export facilities.
View the full report here.