The Future Is Only 3 Years Away, and It's Located in the Pacific
Liquified natural gas is only set to grow in importance. According to Chevron , demand will double by 2025. That's why the company, along with Apache Corp. , ExxonMobil , and Royal Dutch Shell , is completing $80 billion worth of LNG projects off the coast of Australia.
Through these two projects, Chevron anticipates increasing its Asia-Pacific production by 45% once 2018 rolls around. Next year will see the first production from the company's Gorgon project, followed shortly thereafter with the slightly less expensive Wheatstone facility. For more information, tune in to the following short video clip.
Offshore drilling is vitally important to this industry leader as well
Imagine a company that rents a very specific and valuable piece of machinery for $41,000 per hour. (That's almost as much as the average American makes in a year!) And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals the company we're calling OPEC's Worst Nightmare. Just click here to uncover the name of this industry-leading stock, and join Buffett in his quest for a veritable landslide of profits!
This segment is from Thursday's edition of Digging for Value, in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy.
The article The Future Is Only 3 Years Away, and It's Located in the Pacific originally appeared on Fool.com.
Alison Southwick and Joel South have no position in any stocks mentioned. Taylor Muckerman owns shares of Cheniere Energy. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.