August 2021, Vol. 248, No. 8


2021 Midyear International Outlook: Pipeline Construction & Market Trends

By Jeff Awalt, Executive Editor    As global markets claw their way back from the 2020 pandemic trough and energy demand continues to rise, oil and gas producers remain largely committed to fiscal restraint, prices have risen to multi-year highs and storage has yet to recover from historic lows.   Along with projected higher demand, these trends have brightened the outlook for the global midstream sector and raised expectations for ongoing recovery over the next few years, with construction activity weighted more heavily toward natural gas infrastructure. The speed and extent of that recovery is still uncertain, however, and is likely to vary widely from one regional economy to the next.

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