At BIS Update 2013 last month, Amber Road and Sandler & Travis Trade Advisory Associates, Inc. had the pleasure of hosting a fantastic boat cruise on the Potomac for a ton of our customers, partners and friends!
With perfect weather, an open-air deck, and a fabulous band and DJ, everyone aboard had a blast! We were able to document the whole night as well - click here to see the full gallery.
We hope to see you next year at BIS Update! Thanks to everyone who came aboard!
The US will soon begin exporting “fracked” liquefied natural gas (LNG) abroad. Fracking, a technique used to extract oil, has put the country in a position to become a major gas exporter. The Energy Department has recently approved the first LNG export proposal and is now in the process of reviewing 20 others.
Many companies have already started preparing to export LNG. A $20 billion project to prepare an export terminal for LNG is currently underway in Louisiana. The terminal was originally designed to import natural gas, but is instead becoming an export terminal due to US gas becoming abundant and relatively cheap. Another terminal in Texas that was originally constructed to import gas has been investing in systems to liquefy gas ready for export. Once completed, the terminal is expected to export nearly 20 million tons of LNG a year.
While there is great excitement to reap the benefits of this new extraction method, many oppose fracking due to environmental concerns. These include the risk of earth tremors, potential contamination of drinking water supplies, and the quality of regulation and the ability of authorities to enforce it.
Despite this controversy, US senators have called on the Energy Department to speed up its planned review process for proposals to ship US LNG abroad. Senators are worried that if proposals are not approved fast enough, the US will lose the ability to retain a competitive position against other natural gas exporting nations. The first approved LNG shipment is currently scheduled for 2015.
For more information, please read these articles from Reuters and BBC.
To learn more about global trade within the oil and gas industry, check out the eBook, Meeting the Global Trade Challenges of the Oil & Gas Industry.
Amber Road announced this week that it has opened an office in Munich, Germany to serve as its EMEA headquarters. Beginning with one sales executive in Scandinavia in 2009, Amber Road has quickly grown its European customer base to include companies such as ABB, Drägerwerke, Lantiq, Metso, Siemens and Talis, to name a few.
The strong demand for its global trade management solutions in Europe has fueled the company’s growth in the geography. Amber Road now employs full time sales, pre-sales, marketing, professional services and technical support personnel throughout Europe, many of whom now work out of the Munich headquarters.
Click here to read the entire press release.
Join Amber R
oad on Tuesday, May 21 at 2pm EDT for a complimentary webinar focusing on how trade compliance professionals can minimize personal risk. During Minimizing Exposure, Liability, and Risk in Trade Compliance, presenters will discuss the following topics:
Presenters will include:
Join us to learn how to be better prepared to deal with the challenges that accompany such a demanding and dynamic career field. Register today!
Amber Road, a leading provider of global trade management (GTM) solutions, announced it received Inbound Logistics‘ Top Logistics IT Providers Award for 2013. This is the tenth year in a row Amber Road has been recognized by the publication for its dedication to delivering best-in-class technology driving enterprise efficiency.
“Inbound Logistics editors have selected 100 logistics technology companies that enable logistics and supply chain excellence,” said Felecia Stratton, Editor. “Amber Road was recognized for leading the way in 2013 and positioning enterprises for the years ahead. Amber Road excels at providing solutions that drive supply chain excellence and answer IL readers’ need for simplicity, ROI, and efficient implementation. Inbound Logistics is proud to honor Amber Road for continuing to offer our readers solutions that optimize logistics and supply chain excellence.”
Click here to read the entire press release.
