31 May 2012 23:12 [Source: ICIS news]
CLEVELAND (ICIS)--The advent of shale gas has spread US energy production far beyond its hurricane-prone Gulf coast, providing the country with back-up supplies in case of disruptions from tropical storms, the chief economist of ConocoPhillips said on Thursday.
Many of the new shale-gas reserves are found in the northeast of the country, far from the US Gulf coast, said Marianne Kah, chief economist for ConocoPhillips.
She made her comments during the 2012 NABE Industry Conference, held by the National Association for Business Economics.
Plus, liquefied natural gas (LNG) terminals could also help the country avoid storm disruptions, Kah said. With the terminals, LNG is two weeks away from the US.
Hurricanes can disrupt the North American petrochemical industry, since oil and gas production is concentrated in the Gulf of Mexico and much of the country's plants are on the US Gulf coast.
Even the threat of a major storm can disrupt oil and natural gas supplies because companies must evacuate US Gulf platforms as a precaution.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections