Study: Glut of US ethane to remain; exports to balance propane, butane

09/23/2013
A new study of US NGL markets from Simmons & Co. International, Houston, sees ethane remaining in oversupply near term and export growth bringing balance to propane and butane markets. The combination of strong oil prices, robust drilling backlogs of unconventional plays in such areas as the Eagle Ford, Bakken, and Permian and in liquids-rich Marcellus and Utica, and new midstream and downstream infrastructure will increase NGL supply 2013-14. Natural gas processing capacity will increase by 5.6 bcfd (6.9%) in 2013 and an additional 2.8 bcfd (3.2%) in 2014, says the study, "providing a growing stream of blended NGLs." New NGL pipeline capacity will also increase by 2-2.5 mil...
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