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Industry News - Southern U.S. to see nearly $500 billion in oil and gas infrastructure spending by 2025

By ENTELEC Insider posted 01-17-2014 14:31

  

Southern U.S. to see nearly $500 billion in oil and gas infrastructure spending by 2025

  • Energy companies are set to spend close to $1 trillion on oil and gas storage, processing and transportation upgrades over the next decade, investments that will support more than 900,000 jobs nationwide.
  • API State of American Energy 2014 event held in Washington D.C. on Tuesday (Jan. 7), predicts companies on average will spend $73.8 billion annually from 2014 to 2025 to build new pipelines, storage and processing facilities.

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