Photographer: Ty Wright/Bloomberg

U.S. Shale Boom Helps Sate Asia’s Hunger for Cooking Gas: Chart

America is exporting liquefied petroleum gas to China, Japan and South Korea at a record pace this year, data from the U.S. Energy Information Administration show. LPG, a by-product of shale gas and oil development, is used for cooking as well as heating. Shipments may increase further as the expansion of the Panama Canal is set to cut freight costs and make U.S. supply more competitive against those from the Middle East, said Junzo Tamamizu, managing partner at Clavis Energy Partners LLC.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE