Is Large-diameter Pipe A Buyer Or Seller's Market?

摘要

With significant declines in the commodities and ener-rngy complex, North Americanrnlarge-diameter pipe makers will experience a slowdown. Going into the first half of 2009, analysts do not expect a rebound in new pipe orders until oil and natural gas prices gain traction and credit markets improve.rnThe Alaska Department of Natural Resources estimates natural gas reserves along the North Slope region to be 35.4 Tcf. Despite possessing proven natural gas reserves, the lack of cost-effective transportation prevents Alaskan gas from reaching consumer markets. Through the first half of 2008, the rapid acceleration of oil and natural gas prices spurred efforts to develop U.S. energy infrastructure. The historic highs in oil and gas prices also encouraged energy projects in the Tar Sands region of Alberta, Canada.