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The Liquids storage capacity of Oil & Gas industry in United States of America (2020 - 2028, bbl)

Industry: Oil & Gas
Current: Other Industry Indicators

The Liquids storage capacity of Oil & Gas industry in United States of America attained a value of 2,697,668,449.22 bbl in 2023
The indicator recorded a historical growth (CAGR) of 0.57% between 2020 to 2023, and is expected to grow by ...
GlobalData projects the indicator to grow ...

The Liquids storage capacity of Oil & Gas industry in United States of America (2020 - 2028, bbl)

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Oil and Gas Projects in the US

The US is expected to witness a large number of projects to commence operations during the period 2022–2026. Out of these, midstream projects would be the highest, followed by upstream projects and petrochemical projects respectively.

Point Thomson Expansion, a key upstream production project during this period, would start operations. Midstream projects would constitute more than half of all oil and gas projects in the US during the period 2022–2026. Driftwood Phase I is a key midstream LNG liquefaction project. Other key midstream projects include:

Seahorse trunk/transmission pipeline
Smithburg II-VI and Bighorn are the two major upcoming gas processing plants
Plaquemines oil storage project
Magnum UGS project with a working gas capacity

Downstream and petrochemicals projects together constitute about a major share of all upcoming oil and gas projects in the US during 2022–2026. While Beaumont CDU Expansion (BLADE) refinery is a key downstream project, the Chevron Phillips Chemical Qatar Petroleum Jv Orange Ethylene Plant is a major petrochemicals project during this period.