For natural gas in the Permian Basin, there seems no way out. For gas in the Northeast, there seems no way in.

The outlook for demand growth in power generation and petrochemicals is still positive, but the easy gains are over. Export markets look strong but increasingly crowded. Operators and investors are clearly still keen on the gas midstream, even as they ask critical questions about issues ranging from final end-use markets to the continuing embarrassment of massive flaring.

Gas? It’s complicated. But multiple projects and markets could ease the situation.

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