The US Gulf in a Liquefied Natural Gas (LNG) Rich World
The continued growth of Liquefied Natural Gas (LNG) production and long-distance trade has traditionally been taken as a given by global energy analysts, who have premised their positive estimates on gas being both relatively scarce and the demand for it virtually unquenchable. Unfortunately, current conditions in the global energy market suggest that what many have predicted as a near perpetual increase in the volume of traded LNG is in fact a bubble that is now in the process of bursting. This manuscript examines both the short and long-term factors behind this new thinking about LNG, and explores what it implies for the several multi-billion-dollar export projects now being built. It concludes by suggesting that development policy aiming to assist LNG export projects are likely misplaced, and that a primary focus on value-added petrochemical manufacturing, with a secondary value as potential for marine fuel, is a more robust path for the region’s policymakers to take.
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Supplemental Notes:
- This paper was sponsored by TRB committee AT000 Freight Systems Group.
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Corporate Authors:
500 Fifth Street, NW
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Authors:
- Stich, Bethany
- Cavanaugh, Jeffrey
- Butler-Severson, Ian
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Conference:
- Transportation Research Board 96th Annual Meeting
- Location: Washington DC, United States
- Date: 2017-1-8 to 2017-1-12
- Date: 2017
Language
- English
Media Info
- Media Type: Digital/other
- Features: Maps; References; Tables;
- Pagination: 25p
- Monograph Title: TRB 96th Annual Meeting Compendium of Papers
Subject/Index Terms
- TRT Terms: Exports; Liquefied natural gas; Market assessment; Petrochemicals; Policy; Recommendations
- Geographic Terms: Gulf Coast (United States); Louisiana
- Subject Areas: Economics; Energy; Transportation (General);
Filing Info
- Accession Number: 01626806
- Record Type: Publication
- Report/Paper Numbers: 17-05376
- Files: TRIS, TRB, ATRI
- Created Date: Feb 27 2017 9:26AM