- Current Issue
- Buyer's guide
Midstream investment to impact U.S. economy through 2035
Because natural gas midstream represents the large majority of projected investment (83 percent), it also represented the largest share of economic benefits in the new study. Oil investments (approximately 10 percent) and NGL investments (approximately 7 percent) accounted for the remainder of the economic impacts.
According to the new report, natural gas midstream investment and the investment to operate and maintain the pipelines will support an average of over 103,000 jobs each year from 2012 through 2035, generate nearly $47 billion in federal, state and local tax revenue, and add more than $420 billion in total economic output. In the near term (2012 through 2013), midstream natural gas investment will support an average of nearly 99,000 jobs per year, generate $3.7 billion in federal, state and local tax revenue and $34.2 billion in total economic output. In the mid-term (2012-2016), midstream natural gas investment will support an average of over 95,000 jobs a year generate $9.4 billion in federal, state and local tax revenue and $80.4 billion in total economic output.
The complete report, which also provides economic impact by region, is available at www.ingaa.org/economicimpactreport.aspx.