The Kitimat coast, site of Cedar LNG
HPI Market Data Book 2026: Global construction – Americas
Capex is concentrated in gas processing and LNG in the US, while in Canada the reverse is true
Within the Americas region, the US ranks third—behind Asia and the Middle East—in terms of its number of active hydrocarbon processing projects. The GEI database is tracking nearly 190 active projects in the US, representing more than $310b in total capital investments. Although nearly half of the active projects in the US are in the refining sector, gas processing/LNG represents 68% of capex ($210b). Most of these investments are focused on LNG export capacity builds, with other investments geared towards gas processing plants to treat/separate produced gas from US shale plays. At the time of publication, the GEI database was tracking more than 290mt/yr of potential LNG capacity additions i
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6 March 2026
The March 2026 issue of Petroleum Economist is out now!
6 March 2026
After Europe’s rapid buildout of floating LNG import capacity, Exmar CEO Carl-Antoine Saverys says future growth in floating gas infrastructure will increasingly be driven by developing markets as lower prices, rising energy demand and the need to replace coal unlock new opportunities for unconventional and tailor-made solutions
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
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The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
