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Phillips 66 Partners LP representing limited partner interest in the Partnership
The recent rally in energy prices has improved investor sentiment for midstream assets, even though US oil production remains well below pre-pandemic levels.
Natural gas is expected to be a major growth driver for the midstream sector in 2022, and the current supply shortfall makes the need for pipeline infrastructure all the more critical.
Economies ramping back up and changing weather patterns that brought colder weather increased demand for natural gas in 2021.