Latin America's Oil & Gas Terminals Market Set for $9 Billion in Spending Approvals

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Researched by Industrial Info Resources (Sugar Land, Texas)--Over the next 12 months, the Latin American oil & gas storage terminals market is expected to see funding approval for about 250 projects, which are valued at nearly $9 billion. Spending could vary, depending on market improvement throughout the period. An investment peak is expected toward the end of the second quarter and into the third quarter, and another toward the end of first-quarter 2022.

Mexico leads in investments, with more than $3.5 billion attributed to grassroot terminals, expansions and cargo infrastructure, followed by Brazil with almost $3.48 billion in capital spending. However, Mexico's midstream market is facing uncertainties due to new public policies regarding private-sector storage permits. Many of these projects are expected to incur delays until new hydrocarbon marketing standards are enacted.

Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminal Project Database can click here for a list of terminal projects across Latin America set to receive spending approval over the next 12 months.

Click on the image at right for a graph detailing Latin American terminals projects expected to see funding approval over the next 12 months, by industry sector.

Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.