Demand for equipment used in midstream oil and gas applications in the US is expected to decline to $10.5 billion in 2019 as a low oil and gas price environment limits production growth and US midstream infrastructure becomes better adapted to the recent shifts in energy production within the country. Spending on equipment for use in both crude by rail and gas processing plants will fall from elevated 2014 levels, but pipeline construction and liquefied natural gas (LNG) activity will continue ...
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