The energy market is undergoing a massive transformation as nations around the globe shift away from carbon-based fuel sources to cleaner alternatives. However, a change that significant to a market that massive is unavoidably going to be slow. That's why the International Energy Agency still forecasts many years of rising demand for fossil fuels. It predicts oil demand will grow by another 7% by 2040 while natural gas consumption will increase by 29%.
Among the biggest beneficiaries of this expected volume growth will be the energy infrastructure companies that transport, process, store, and export all that oil and natural gas. Brookfield Infrastructure (NYSE: BIP) (NYSE: BIPC) , Enbridge (NYSE: ENB) , and TC Energy (NYSE: TRP) are leaders in the midstream sector, and should be great buys in 2021 and beyond.
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3 Leading Energy Stocks to Buy in 2021 and Beyond