BIIA Member Panjiva’s unique trend spotting services help companies to spot opportunities and potential problems in global supply chains. Here is just one example of potentkial supply chain disruption in international energy flows.
America is in the middle of a natural gas boom, due in part to explosive growth in the shale gas industry. News reports say that the spike in natural gas production is quickly filling domestic reserves and disrupting international energy flows as other countries line up to import it. Amid all the frenzy, one thing is certain: the cost of the abundant U.S.-produced gas has been dropping.
Panjiva’s data shows that the unit cost of U.S.-exported Liquefied Natural Gas (LNG) has decreased by more than 50% since 2010. The average cost in Q1 of this year, $150 per cubic kilometer, was less than half the average cost in Q1 2010. See Panjiva’s trendspotting report here.