Winter weather roils US NGL markets

During December 2000 and January 2001, an unprecedented surge in gas prices rolled through the US economy. Standing directly in its path, gas processors and ethylene producers suffered substantial economic damage.This article chronicles the market conditions that sparked the spike in gas prices and highlights the impact of surging gas prices on gas-processing economics, gas-plant NGL production, ethylene production costs, and ethylene production.The US gas-processing industry recovers about 1.9 million b/d of NGL when operating at full recovery levels. When gas-processing margins collapse, however, NGLs become much more valuable as natural gas.NGL production volumes are equal to about 6 b...

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