Pipeline Capital Spending Booms Worldwide with More than $535 Billion in Projects

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Researched by Industrial Info Resources (Sugar Land, Texas)--Globally, Industrial Info is tracking more than $535 billion worth of projects in the Oil & Gas Pipelines Industry. Of these, only $1.7 billion worth are associated with maintenance projects.

Looking only at projects with total investment values (TIV) of more than $10 million, Industrial Info is tracking $529.86 billion worth. In North America, Industrial Info has deemed $10.92 billion worth to have a medium or high probability to begin construction from May 2018 to May 2019.

Click on the image at right for a graph detailing expenditures in the Oil & Gas Pipelines Industry, by world region.

Enterprise Products and Permico Energia LLC both have $750 million in high-probability natural gas liquids (NGL) pipeline projects in West Texas that are due to begin construction in the next month or so. Each pipeline is more than 500 miles long.

Industrial Info also is tracking $96.72 billion worth of Oil & Gas Pipelines Industry projects in Africa, Asia, Europe, Middle America and South America that are rated at medium or high probability of beginning construction as planned.

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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.