U.S. Oil & Gas Infrastructure Market Analysis

U.S. Oil & Gas Infrastructure Market Analysis

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Oil, Gas & NGL Pipelines segment is anticipated to cross USD 41 billion by 2034. Expansion of natural gas pipelines, addressing increased production and demand coupled with ongoing developments of new pipeline networks connecting production areas including shale regions to consumption hubs, export facilities, and LNG terminals, augmenting the industry landscape.
 

The industry has witnessed substantial growth in liquefied natural gas exports, prompting increased construction and expansion of LNG export terminals, further influencing the business outlook. Existing refineries and storage terminals have undergone modifications or expansions to accommodate export activity and favorable initiatives by authorities toward expansion and repair of existing pipelines will augment the industry growth.
 

For instance, in October 2024, the Department of Transportation's Pipeline and Hazardous Materials Safety Administration announced USD 196 million in grants for repairing and replacing aging natural gas pipelines across 20 states. The funding will support 60 modernization projects, targeting the replacement of outdated, leak-prone pipes that create safety risks, increase energy costs, and cause environmental damage.
 

Ongoing expansion of shale gas production across the country has generated a surplus of ethane, an important feedstock for petrochemical manufacturing. As a result, development of ethane export terminals to ship excess ethane to international markets, where it serves as a feedstock for plastics and other petrochemical products will augment the business landscape. Stringent environmental and safety rules implemented the by the respective authorities is driving the need for infrastructure improvements and new technologies, to reduce environmental impact, boost safety, and enhance operational efficiency, propelling the industry growth.