ICF: US needs ethane export capacity to sustain shale gas boom

06/30/2014
Rachael Seeley Special Projects Greater investment in infrastructure is needed to ensure that rising NGL production in the US can reach international markets. Without it, a glut will form, placing downward pressure on prices and eroding the economics of shale gas drilling. This was the message conveyed at a breakfast presentation hosted by ICF International Inc. on June 25 in Houston. The NGL industry in the US is very robust and is expected to stay that way for years to come with a caveat of risk, said Greg Hopper, vice-president, ICF International. An unprecedented spread between oil and natural gas prices in the US has made NGL more valuable than dry gas, Hopper said. As a result, shal...
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