SOURCE: Industrial Info Resources

Industrial Info Resources

September 20, 2011 05:45 ET

East Asia, Southeast Asia Will Lead Terminal Project Starts Next 15 Months, an Industrial Info News Alert

KOFU-SHI, JAPAN--(Marketwire - Sep 20, 2011) - Researched by Industrial Info Resources East Asia (Kofu-shi, Japan) -- Due to increased liquefied natural gas (LNG) imports and a rise in refining capacity, Asia will lead capital terminal project starts from now through the end of 2012. Currently, Industrial Info is tracking more than 70 capital terminal projects, representing approximately $30 billion, which are scheduled to take off between next quarter and the end of next year. Asia accounts for roughly half of the world market's investments and roughly 30% of the world market's projects.

Most of the projects currently on the books are grassroot in nature, though some major expansions are scheduled to take place as well, including PetroChina Company Limited's (NYSE:PTR) (Beijing) Phase II expansions in Liaoning and Jiangsu.

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