Friday, May 17, 2013

A Most Interesting Convergence of Huge Events: US LNG Exports And Panama Canal Expansion

Rigzone is reporting:
Despite the lingering LNG export unknowns in North America, LNG shipments from the region coupled with the expansion of the Panama Canal could exemplify serendipity on a grand scale.

“The timing and convergence of two unrelated events – the Panama Canal expansion and the unlocking of North American shale resources – will have extraordinarily positive affects for U.S. producers and LNG terminal owners and their counterparts in Asia who purchase LNG," predicted John Hritcko, Jr., Houston-based director of LNG Sales for Wison Offshore & Marine (USA), Inc.
Great article.  Funny how things work out.

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