Shift in global industry continues; 2001 tests US processors

06/24/2002
Corporate consolidations, facility closures, and nearly flat gas production growth in 2001 combined with extraordinarily high natural gas prices early in the year to drive the world's largest gas-processing country-the US-to reduce plant capacities and throughput.Despite these contractions, North American processors benefited early in 2001 from NGL prices high enough to strain their historical relationship to crude oil.Offsetting US reductions, however, was Canada, which increased capacity and throughput, as Western Canadian gas producers sought to meet increased US demand through more competitive pipeline routes to that market.The resulting picture for 2001, as revealed in this exclu...
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