Market Brief
Latin America to See $12 Billion in Oil and Gas Projects Reach AFE Approval in 2021, an Industrial Info Market Brief
Despite low oil prices and ongoing COVID-19 restrictions, Industrial Info is tracking about $12 billion worth of grassroot projects in Latin America's Oil & Gas Industry
Despite low oil prices and ongoing COVID-19 restrictions, Industrial Info is tracking about $12 billion worth of grassroot projects in Latin America's Oil & Gas Industry. These projects are in their designing and planning stages with AFE approvals expected for 2021.
Liquefied natural gas (LNG) and crude oil production are the leading sectors in terms of project spending, followed by natural gas pipelines and refined products pipelines.
Click here for a list of related projects, and see graph below for a breakdown by industry sector.
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