SUGAR LAND, Texas, Feb. 23, 2018 /PRNewswire/ — Researched by Industrial Info Resources (Sugar Land, Texas)–The North American Natural Gas Midstream Industry is poised to see its best year since 2014, and is well positioned to take advantage of recovering prices and production declines in other parts of the globe, Industrial Info’s vice president of product development, Shane Mullins, said at the recent 2018 Industrial Market Outlook in Houston, Texas.
The reduction in imports and growth in exports mean more money for domestic midstream development, Mullins said.
Liquefied natural gas (LNG) exports continue to grow, while demand from Mexico and Canada accelerates. The favorable conditions have been largely driven by efficiency gains in the U.S., recovering prices and oil production cuts by the Organization of Petroleum Exporting Countries (OPEC).
To read the complete article, check out the most recent edition of Industrial Info’s NavigatIIR online newsletter.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info’s quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what’s happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com “Contact Us” page.
SOURCE Industrial Info Resources, Inc.