June 2014, Vol. 241, No. 6

Features

Operators See Bumpy Road Ahead, Despite $640 Billion Demand For Midstream Infrastructure

Faced with a study projecting that the pipeline industry will need an average of $30 billion per year worth of new infrastructure to satisfy oil, gas and liquids transportation needs between 2014 and 2035, pipeline operators foresee struggle and risk as well as opportunity. Jeff Bruner, president of the Connecticut-based Iroquois Pipeline Operating Company, said of the study, “It assumes that if you have supply and you have demand, the pipeline will get built. . . . For people in the Northeast that’s easier said than done.” Guy Buckley, chief development officer for Spectra Energy, said permitting processes and more pre-construction work limit how fast operator

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