Never before have global seaports and maritime industries faced such a dynamic time for their businesses. Traditional trade lanes have been redrawn thanks to new developments like the expanded Panama Canal and the resurgence of American energy production. The repeal of the ban on exporting U.S. crude oil and the first U.S. liquefied natural gas (LNG) export facilities coming online are certainly recent game changers for US energy ports.
By the end of 2017, over 1 million barrels per day of crude oil were being exported to more than 35 countries, while 890 trillion cubic feet of LNG were shipped to 27 countries.
RISING IN THE REGION
The Port of Corpus Christi is at the forefront of the re-emergence of the US as a dominant player in the global energy trade. Since 1926, Corpus Christi was an important, though relatively obscure, port. Originally designed as a way for South…