Gulf Coast Spending Continues to Rise, but Big Projects Under Increasing Scrutiny
SUGAR LAND--November 2, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Gulf Coast remains one of the brightest spots in the nation for industrial activity. But as low oil and gas prices cause companies to rein in capital spending, Industrial Info is seeing a growing number of projects in the region being re-evaluated and either cancelled or pushed out to a later construction start date.
This issue will be addressed at Industrial Info's upcoming Market Outlook & Networking Event, held November 5, in Baton Rouge, Louisiana. As the old saying goes, "The bigger they are, the harder they fall." As global LNG spot prices plummet and a new wave of production capacity is brought online, the plans that are most at risk for delays or cancellation are the large, multibillion-dollar megaprojects, particularly many of the liquefied natural gas (LNG) projects that have been proposed for the area.
