Is the US nearing the next construction boom?
US activity will be led by LNG liquefaction and export terminals, along with new and expanded fractionators, ethylene crackers and other petrochemical infrastructure.
A lingering question for the US, and one that could
determine the nations energy future, is what to do with
the abundance of natural gas from unconventional sources such
as domestic shale plays? Revised estimates by the US Energy
Information Administration (EIA) list recoverable shale gas
reserves at around 542 trillion cubic feet (Tcf), and in its
Annual Energy Outlook 2012, the EIA projects that US gas production will
jump from 21.6 Tcf in 2010 to 26.1 Tcf34.1 Tcf in 2035.
This development could establish the US as the worlds
leading gas producer since overtaking Russia in 2009. The
abundance of natural gas has driven the price to a point where
it may not be economical to drill additional capacity.
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