US oil export infrastructure faces post-boom bust
Previous anxieties over lack of infrastructure have been replaced with fears of looming overcapacity
Unbuilt US oil export terminal projects proposed in recent years are stuck in limbo, their prospects for construction bleak. And while capacity at existing terminals has continued to grow, oil flows into and through these facilities have been unable to match the expansion. This is a distinct turnaround from twelve months ago, when there were concerns about crude bottlenecks on the Gulf Coast and a lack of capacity to accommodate booming exports. Global energy demand destruction sparked by the pandemic has upended all forecasts and turned the problem dramatically on its head. The flurry of new deepwater crude terminal proposals kicked off in 2018 as developers scrambled to provide new capacit
Also in this section
17 January 2025
Supply glut or supply deficit are both plausible outlooks, with tariffs and sanctions among the key risks that could swing the pendulum
17 January 2025
European Commission is on its way to meeting clean energy goals, but energy security concerns and higher costs may give it second thoughts
17 January 2025
The CEO of QatarEnergy has highlighted the potential impact a new EU directive could have on energy exports to the continent
16 January 2025
The government’s resource nationalism is aggravating the NOC’s debt position and could yet worsen if also tasked with the decarbonisation shift
