U.S. Oil, Gas Terminals Add Capacity as Amid Elevated Demand

March 19, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Rising demand for natural gas and continued strong demand for oil, both crude and refined, are pushing players in the U.S. Terminals Industry to expand capacity and improve their existing assets.

Industrial Info is tracking more than $5.8 billion worth of capital-spending projects in the industry that are set to begin construction in the second quarter, more than half of which is attributed to crude oil storage. One of the biggest second-quarter project kickoffs comes from Max Midstream Texas (Houston, Texas), which carries crude, gas and condensate via pipeline from the Permian Basin and Eagle Ford Shale to its terminals on the Texas Gulf Coast.

Other companies featured: ArcLight Capital Partners, Trinity Gas Storage and National Grid plc (NYSE:NGG)