At first blush, the prospect of sunny days for Gulf business and trade seem assured but as Matt Miller writes, there are a few dark clouds on the horizon that could dampen those forecasts.
These should be sunny times when it comes to the U.S. Gulf Coast, business and trade. Yet, there are dark clouds on the horizon as well.
First, the good news:
A year back, the Asia Vision loaded liquefied natural gas from the newly constructed Sabine Pass liquefaction project in Louisiana and steamed to Brazil, the first-time LNG had been exported from the lower 48. Three other LNG export terminals are now under construction in Texas and Louisiana. In December, the Federal Energy Regulatory Commission approved the mammoth $10 billion proposed Golden Pass Products LNG project at Sabine Pass.
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