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Industrial Project Spending Projections for Gulf Coast Reach $250 Billion for Next Five Years

oil_gas_production

Industry Segment: Production | Word Count: 417 Words

SUGAR LAND--October 22, 2013--Researched by Industrial Info Resources (Sugar Land, Texas)--Over the next five to six years, total industrial-related spending for the U.S. Gulf Coast region is projected to reach $257 billion. This figure is exclusive of commercial and residential developments and solely related to industries such as LNG liquefaction, natural gas liquids (NGLs), chemicals and refining. The largest share of the capital is concentrated in LNG liquefaction for export to markets in Europe and, with the expansion of the Panama Canal nearing completion, Asian markets as well.

Other companies featured: Cheniere Energy (NYSE:LNG), Sempra Energy (NYSE:SRE), Exxon Corporation (NYSE:XOM)


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