As the oil and gas industry moves forward, emerging market growth is critical for carrying that momentum, and firms are looking at one innovation in particular to these ends. According to The Motley Fool, liquefied natural gas is critical for exploiting the potential of emerging markets, due to its easy shipping and storage capabilities. LNG will help firms, such as Chevron, reach Asian markets in particular - a primary focus in 2014 as energy providers seek to optimize their global presence.
In order to properly manage and promote this potential growth, firms will need to optimize not only their use of LNG, but the BPM softwarethey utilize for supply mine management, administrative processes and many other areas of operations. Such an approach will support operational growth over time while addressing immediate needs for process change and productivity boosts that will serve to better leverage the opportunities that emerging markets present.
As a new product, so to speak, LNG needs proper management and leveraging to drive growth for big oil firms. With process management investments, companies will be able to optimize this new resource and ensure they get the most from its potential.
Director of Corporate Communications
