Midstream Rush to Meet Soaring Gas Demand Drives $160B Project Backlog

The midstream sector is scaling up natural gas infrastructure to meet rising demand. Over $160 billion in project backlogs collectively exceeds current capacities, driven by surging electricity needs and expanding U.S. LNG export facilities.

New takeaway capacity of over 15 billion cubic feet per day (Bcf/d) is expected by 2030, alleviating longstanding constraints in the Permian Basin. Midstream operators are sanctioning new gas processing plants and gathering systems to accommodate rising producer volumes and a gassier production mix.