SOURCE: Industrial Info Resources

June 03, 2009 06:30 ET

Pipeline Industry Manages to Hold on Despite Economy, a Feature of "Navigating the Currents of Change" on Industrialinfo.com

SUGAR LAND, TX--(Marketwire - June 3, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- As the U.S. economy continues its downward spiral, the Oil & Gas Transmission Industry has been moving at a slow pace and is expected to continue to do so at least through 2009 and 2010. Although there is an increase in demand for energy, coupled with the rising gas prices and the need for new pipeline construction to transport oil and gas, many of the market factors that had helped to fuel the large growth in new pipeline construction has now decreased significantly since 2008 by at least 30% because of the lack of shipper's commitments and projects being placed on hold, pushed out or canceled. Despite these challenges facing the industry, there still remains a significant amount of capital projects that is expected to take off within the next two years in the U.S., especially in the Gulf Coast, Midwest and Pacific Northwest regions, as well as in Canada and Alaska.

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Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For information send inquiries to oilandgastransmissiongroup@industrialinfo.com or visit us at www.industrialinfo.com.

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