America's export machine cranks up
Shipments of oil and gas hit new highs in 2016. As drilling picks up and new infrastructure is built, 2017 could be another record breaker
Oil tankers and liquefied natural gas carriers are not a new site in ports along the US' Gulf Coast, long a vital hub in the global energy trade. But the direction of traffic is new. Those ships now often leave US shores laden with American crude, fuel, liquefied natural gas and natural gas liquids. US energy is making its way to all corners of the globe, disrupting long-established trade routes. One morning in late March, for instance, saw the Gallina and Valencia Knutsen LNG tankers—both members of Shell's fleet—filling up at Cheniere Energy's Sabine Pass export facility in Louisiana, ready to ferry more super-chilled US shale gas to consumers in Europe and Asia. At the same time, just up
Also in this section
10 September 2024
The August/September issue of Petroleum Economist is out now!
10 September 2024
The third part in the second chapter of our history of oil looks at the US shale revolution and ‘declaration of cooperation’ that created OPEC+
9 September 2024
We pick up the story of the history of oil with the response of consumer countries to the 1973 embargo, with the creation of the IEA proving the adage that every action has a reaction
9 September 2024
Continuing our 90th anniversary deep dive into the history of oil, the first part of our second chapter covers the post-war world and the beginnings of OPEC