LNG

TC Energy, the North American pipeline company and key supplier of feed gas for the liquefied natural gas industry, plans to split up by spinning off its oil pipeline business and focusing on transporting natural gas.

Production companies seeking efficient and cost-effective methods of increasing their output are forecast to increase spending by almost 20 percent in 2023 to total $58 billion for additional oil and natural gas resources to satisfy global demand for energy such as LNG and pipeline gas and for necessary activities like petroleum refining and chemicals production to make products such as pharmaceuticals.