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The Impact of the Houston Ship Channel Economy on Global Hydrocarbon Demand

December 18, 2018

HOUSTON--(BUSINESS WIRE)--Dec 18, 2018--The Greater Houston Port Bureau today announced that its monthly Commerce Club luncheon and annual meeting will take place January 10, 2019 at Houston Marriott South at Hobby Airport at 11:15 AM (CST). The keynote speaker will be Tony Chovanec, senior vice president, Fundamentals & Commodity Risk Assessment for Enterprise Products Partners.

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The Impact of the Houston Ship Channel Economy on Global Hydrocarbon Demand. (Photo: Enterprise Products Partners, L.P.)

In his presentation, “Our Energy Future is Now”, Mr. Chovanec will highlight the dramatic increase in domestic energy production that has made the U.S. a net exporter of hydrocarbons and the importance of the Houston Ship Channel region in maintaining the country’s dominant position as a global producer. Key points addressed in his presentation will be:

How the U.S. became the world’s leading oil producer, and the outlook for the future The U.S. already produces more light crude oil, NGLs, refined products and petrochemicals than it can consume. Where will the markets be for these products? Crude oil exports are expected to quadruple, NGL export volumes expected to double by 2025, and much of our petrochemical and refined products are destined for export. How do we prepare for the magnitude of these opportunities? Energy economists forecast that the U.S. will supply the lion’s share of new production required to meet global demand growth for years to come. What does this mean for our local and regional economies? What is the importance of the Houston Ship Channel in linking the Texas economy to global hydrocarbon demand?

For more details go to: https://txgulf.org/events/commerce-club.

Anthony C. Chovanec

Tony Chovanec was elected Senior Vice President, Enterprise Products Partners, L.P., in June 2014. He heads the company’s Fundamentals/Supply Appraisal Team which was formed in 2010 and is responsible for the evaluation of the key supply and demand trends around the company’s five business lines: Natural Gas, Natural Gas Liquids, Crude Oil, Refined Products and Petrochemicals. These analyses are used in our commercial activities and in evaluating capital investment opportunities.

About the Greater Houston Port Bureau

The Greater Houston Port Bureau promotes cooperation and efficiency within the maritime community by providing vessel information, port information, networking, and advocacy for its 200+ member companies. For more information visit www.txgulf.org or call 1-713-678-4300.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005839/en/

CONTACT: Andrea LaVorgna

Greater Houston Port Bureau

1-713-678-4300

alavorgna@txgulf.org

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: ENERGY OIL/GAS OTHER ENERGY TRANSPORT MARITIME RAIL TRUCKING MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT CHEMICALS/PLASTICS STEEL

SOURCE: Greater Houston Port Bureau

Copyright Business Wire 2018.

PUB: 12/18/2018 03:43 PM/DISC: 12/18/2018 03:43 PM

http://www.businesswire.com/news/home/20181218005839/en

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