SUGAR LAND, TX–(Marketwired – Feb 29, 2016) – Researched by Industrial Info Resources (Sugar Land, Texas) — Yesterday marked the first liquefied natural gas (LNG) tanker ship to be loaded and exported from the Sabine Pass LNG liquefaction facility, which is owned and operated by Cheniere Energy Incorporated (NYSE:LNG) (Houston, Texas). At the end of December, the U.S. shipped its first tanker of crude oil overseas alongside the legacy liquefied petroleum gas (LPG) and natural gas liquids (NGL) exports that make their ways from American shores. Does this mean that the U.S. is energy independent, no longer buying crude oil from OPEC? No, it does not. However, what this does mean is that a new hydrocarbon energy source has entered the world stage, competing with established sources and allowing consumers more choice in their energy supply. It may also be what helps spur a recovery in the flagging hydrocarbon commodities markets.
Within this article: Describes the importance of the specific chemistry of the crude oil.
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