Premium Industrial NewsThe Future of U.S. Energy Exports: Competing on Price and Transparency while Spurring Industrial Growth
The Future of U.S. Energy Exports: Competing on Price and Transparency while Spurring Industrial Growth
Industry Segment: Production | Word Count: 450 Words
SUGAR LAND--March 1, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--As CERAWeek comes to an end, Industrial Info has gotten the chance to hear from world and industry leaders about the world energy market and especially the emergence of the U.S. As the first 3 billion cubic-foot commissioning cargo left the Sabine Pass LNG Liquefaction facility owned and operated by Cheniere Energy Incorporated (NYSE LNG) (Houston) on Wednesday, the U.S. has thus launched its first foray into the world energy market. Where it would seem counter-intuitive that the U.S. would be cost-competitive with foreign suppliers who can set their own prices and have lower labor costs, the U.S.'s engineering, procurement and construction (EPC) costs per ton-per-annum is lower than the vast majority of projects out of Australasia and Canada that have been approved from 2008 to the present. American export-oriented projects are not islands, and they will require periphery infrastructure and manufacturing in order to continue growing and maintaining a competitive edge. Within this article: Mentions the Panama Canal as an example of new infrastructure being built that can benefit U.S. energy exports.
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