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Shale Plays Remain Key To Nation’s Economy, Jobs And Energy Security
Bridger expects 10 to 20 years of various types of pipeline replacement activity go take place in the U.S. “The challenge is going to be how to get that work paid for and do it at a pace without punishing the rate payers,” he said.
In looking at how overhead, underground and pipeline contractors are doing, he said, “Going all the way back to 2003 this has been a very attractive market in terms of returns. There was a little bit of a dip in performance in 2011 but we’re already beginning to see some of the financial statements from FERC for 2012 which indicate that 2012 is going to be a good year for most utility contractors. Also, 2013 is likely to be fairly good year as well.”
On LNG, Bridgers does not see a wide spread LNG export market from the U.S. “I think what is much more likely is very structured and focused exportation of LNG. There is a financial upside to keeping that product here in the U.S. and not allowing other countries to access that cheap resource,” he said.