06 March 2012 16:15 [Source: ICIS news]
HOUSTON (ICIS)--US infrastructure and shale gas developments have allowed companies looking for advantaged feedstocks to turn their focus away from the Middle East and other markets to the US, corporate executives said said on Tuesday.
There is no other place in position that has the infrastructure needed to manufacture shale gas, said Mark Lashier, executive vice president, olefins and polyolefins, Chevron Phillips Chemical.
“There is an economic benefit across the board [in the US],” Lashier said at a panel discussion at IHS CERAWeek energy conference in Houston. “We want to upgrade here and support the economy here versus other places.”
Enterprise Products executive vice president and chief operating officer Jim Teague echoed Lashier's observations.
“The infrastructure is unique in the US. That won’t change over time,” Teague said.
According to Teague, other countries with abundant shale resources, like China, will get smarter on developing shale manufacturing, but their manufacturing is not as efficient as previously thought. Additionally, it could take up to 30 years for China to have the infrastructure in place to export shale gas.
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