Natural Gas News – June 8, 2020
Canada is the largest source of U.S. energy imports
Canada is the largest source of U.S. energy imports and the second-largest destination for U.S. energy exports behind only Mexico. Energy is an important component of trade between Canada and the United States. In 2019, based on the latest annual Standard International Trade Classification
(SITC) data from the U.S. Census Bureau, energy accounted for US $85 billion, or 27%, of the value of all U.S. imports from Canada. Crude oil and petroleum products accounted for 91% of the value of U.S. energy imports from Canada and 89% of the value of U.S. energy exports to Canada. The United States exported US $23 billion worth of crude oil, petroleum products, natural gas, and electricity to Canada in 2019, about 8% of the value of all U.S. exports to Canada and the second-highest level recorded after peaking in 2014. For more on this story visit bicmagazine.com or click https://bit.ly/2XLx1oV
Cryogenic Tanks Market revenue to hit $9 billion by 2026, Says Global Market Insights, Inc.
Global Cryogenic Tanks Market is anticipated to cross USD 9 billion by 2026, as reported in the latest study by Global Market Insights, Inc. Increasing LNG trade along with growing investments across chemical, healthcare and food & beverage industry will boost the deployment of these tanks. Increasing demand for natural gas on account of development of gas-based power generation plants along with increasing use of gas across heating and transportation sector will propel the cryogenic tanks industry size. For more on this story visit globalnewswire.com or click https://bit.ly/2AR68GO
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