LNG World Shipping

US Gulf LPG exports reborn

Taken from: LNG World Shipping /LPG 2012


The biggest ‘game-changer’ in the global energy market is currently US shale gas. The ability to release hydrocarbons from a number of large underground shale formations throughout the US is easing the country’s reliance on what had been a worrying increase in oil and gas imports. Shale gas now accounts for one-quarter of US natural gas production and output is rising. The country’s natural gas reserves have been boosted from about 900 trillion cubic feet (tcf) in 2000 t....

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