(MENAFN) Vice president of global business development in IHS Markit says there is a big opportunity for the US and China to cooperate in the natural gas chemical industry with the growing production and relatively low cost of natural gas in the US.
He also said US natural gas liquids production will nearly triple in the decade 2010-2020, based on IHS Markit projection.
According to him, compared with crude oil, natural gas has its price advantage for investment, and that Ethane remains competitive feedstock for further investment from China due to cost advantage.
As the low cost and growing demand, chemical and energy trade will continue to grow between both countries, at the same time, investment in the industry in the two sides will also increase, which require more cooperation and collaboration between them.
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