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Panama Canal expansion to give major boost to US gas trade

04.01.2014  |  Blume, Adrienne ,  Hydrocarbon Processing Staff, Houston, TX

LNG exports are slated to increase from several approved and proposed US projects, and US NGL exports are poised to quadruple by 2020, if the planned expansion of the Panama Canal cuts shipping costs to Asia.

Keywords: [gas processing] [LNG] [Panama Canal] [Americas]

Natural gas production from shale has expanded rapidly in recent years, which has led to an increase in global liquefied natural gas (LNG) and natural gas liquids (NGL) output, especially in the US. LNG exports are slated to increase from several approved and proposed US projects, and US NGL exports are poised to quadruple by 2020, if the planned expansion of the Panama Canal cuts shipping costs to Asia. Petroleum trade through the waterway is also expected to increase.

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