Energy Leaders Look to Natural Gas Pipelines, Exports as Oil Prospects Fade – By Penny Starr (Breitbart) / July 22, 2022
President Joe Biden continues his campaign to destroy domestic oil production leading some midstream U.S. companies to shift their attention to natural gas pipelines and export infrastructure as a way to increase growth opportunities.
“The biggest opportunity right now is primarily in serving LNG [liquefied natural gas], whether it’s adding U.S. export capacity or building pipelines to bring the gas to LNG terminals,” Stephen Ellis, a strategist at financial services firm Morningstar, said in a Reuters report.
Reuters reported:
Natural gas projects are expected to be the mainstay of growth in coming years as production rises and shippers find new customers in Europe, which is trying to wean itself off of Russian energy, and in Asia, where many countries are boosting imports of LNG.
The expansion followed several proposals to build liquefied natural gas (LNG) processing plants along the U.S. Gulf Coast, which have the potential for liquefaction of about 3.1 billion cubic feet per day (bcfd) of new gas supply, to take advantage of rising European and Asian demand…
