Strong demand for shale oil-and-gas infrastructure is giving rise to an important new financing vehicle for pipeline, processing and storage ventures that are needed to get more shale fuels to market.
So-called special purpose acquisition companies, or SPACs, seek to fill the gap left by the declining use of master limited partnerships, which historically have helped finance such capital-intensive midstream projects.
U.S. crude output is expected to rise 4.5 percent this year and another 7.5 percent in 2018, to about 10 million barrels per day, eclipsing a 47-year-old record. Without hefty infrastructure investments – about $30 billion a year through 2020, according to Tortoise Capital Advisors – that increased flow could face a bottleneck. Read More…
Credit By: Dna India
Latest posts by dnaindia.com (see all)
- Don’t give us jugaad AC locals: Western Railways tells Centre - July 19, 2018
- Foreign funds lap up Essar Steel loans from banks - July 19, 2018
- Jaipur Metro Rail Corporation To Conduct Survey For Inputs On Improvement - July 19, 2018