Spectra Energy Corp. is driving North America’s pipeline construction boom into the heart of New York City, part of a massive industry push to connect previously untapped shale gas and oil reserves to under-served markets.
A rising tide of export ambitions are also driving expansion, with new pipes being planned to bring oil and gas to places like Kitimat, B.C. Efforts to carry more western crude to eastern Canadian markets are prompting further work to expand existing cross-continent pipeline systems.
Bentek Energy, a market analytics company, is forecasting “a huge increase in infrastructure” in coming years, said Adam Bedard, a senior director. “In natural gas liquids and crude markets, it’s certainly a boom.”
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