US, Canada Need $641B In Infrastructure Upgrades: Study

Law360, New York (March 19, 2014, 5:15 PM EDT) -- The U.S. and Canada will need to pour $641 billion into midstream natural gas, crude oil and natural gas liquids infrastructure upgrades by 2035 to keep pace with demand and industry changes, analytics firm ICF International found in a study released Tuesday.

The study, conducted on behalf of natural gas advocacy groups INGAA Foundation Inc. and America’s Natural Gas Alliance, found that the countries will need to spend an average of $30 billion a year over the course of 22 years on energy infrastructure, with $14.2...
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