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A new research report titled The study is titled, "North America Midstream Infrastructure through 2035: Capitalizing on Our Energy Abundance" that shows midstream (pipeline) and related infrastructure spending in the U.S. and Canada will need to be on the order of $30 billion per year through 2035 ($641B total) in order to keep pace with the rapid development of shale energy resources. The spending and buildout of new infrastructure will result in 432,000 new jobs and approximately $885 billion in new spending throughout U.S. and Canadian economies. Truly staggering numbers.
The new report was prepared by ICF International for the INGAA Foundation (Interstate Natural Gas Association of America) and ANGA (America’s Natural Gas Alliance).