Premium Industrial NewsStudy: U.S. Gulf Coast Capital Energy Investments to Continue Shift to LNG
Study: U.S. Gulf Coast Capital Energy Investments to Continue Shift to LNG
Industry Segment: Terminals | Word Count: 340 Words
SUGAR LAND--November 29, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--A new report by the Louisiana State University Center for Energy Studies estimates as much as $190 billion could be spent on energy-related capital development in the U.S. Gulf Coast region for 2021 through 2029, with a continued shift in investments away from chemical industry activities and toward liquefied natural gas (LNG) export facilities. Also, employment in the petroleum refining and chemical manufacturing sectors in Louisiana and Texas is expected to continue to rebound in 2022 after hitting a trough in 2020.
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