13 Million HP Of Compression Needed By 2035
Strong growth seen for North American gas transportation
The INGAA Foundation has reported the United States and Canada will need nearly 13 million hp (9700 MW) of compression costing US$23.5 billion to accommodate new gathering and transmission pipelines over the span of 2014 to 2035.
That requirement is part of midstream gas pipeline investments estimated at US$14.2 billion per year, or US$313.1 billion, in 2012 dollars. Total midstream oil, gas, and gas liquids pipeline investments would be US$30 billion per year, or US$641 billion total.
ICF International prepared the study for America’s Natural Gas Alliance and the INGAA Foundation, which is allied with the Interstate Natural Gas Association of America.
Most of the midstream natural gas investments would accommodate new production, particularly from the prolific shale plays, and growing demand for gas in power generation, industrial applications and exports. Natural gas midstream infrastructure includes mainlines, laterals, processing, storage, compression and gathering lines.