Midstream Business Magazine - December 2018
Seismic shifts lie ahead as the U.S. continues to grow as a global energy export power.
I fell into the energy business midway between the two shortage-plagued oil shocks of the 1970s and I relish several high points during my career: visits to the North Sea and Prudhoe Bay; a tour of Henry Hub; time at Kenai, Alaska, within the nation’s first LNG liquefaction plant; and an itinerary around Singapore’s sprawling refinery/petrochemical industry.
Not all U.S. natural gas exports leave as liquids. The nation’s next-door neighbors offer expanding, but challenging, markets via the North American gas transmission grid.
The U.S. is primed for what many have called “energy independence,” but at what cost?
Petroleum product exports were a big business before the crude export ban went away and trends indicate sales abroad will continue to grow.
Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.
The sector is heeding producer pleas with a flurry of projects but bottlenecks will persist until late 2019.
A supply gap of up to 200 million tonnes per year in 2030 is the prize for U.S. liquefaction projects as gas exports take center stage.