“Every panelist at this conference has touched on energy delivery: clearly the power sector is betting big on supply,” said Teri Viswanath, managing director of natural gas with S&P Global Platts in her opening remarks for the midstream panel at the recent S&P Global Market Intelligence Power & Gas M&A Symposium. That observation was particularly astute because many of the panelists and speakers were from outside the midstream, from utilities to manufacturers.
Viswanath’s insight was that the oil and gas industry in general, and the midstream in particular, have been successful in convincing the rest of corporate America and the world that hydrocarbons are plentiful and relatively inexpensive. Indeed they may have been too successful in that public information campaign because the conversation seems to have shifted past security of supply. That leaves the midstream with an obligation but not necessarily the wherewithal.