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US Industry Metrics

A. Blume, Editor

Strong natural gas production, along with rapidly rising demand, resulted in record-high NGL production of 4.7 MMbpd in February 2019. Growth in NGL production, was led by ethane, which also set a new production record of nearly 130,000 bpd higher than in January 2019. The US Energy Information Administration estimates that domestic demand for ethane expanded by 360,000 bpd in the past 2 yr as a result of new ethylene crackers and expansions of existing facilities. Since 2017, four new ethylene plants have entered service. Four new crackers and one major cracker expansion are expected to come online in 2019, representing 260,000 bpd of additional ethane demand. Furthermore, ethane exports are expected to increase. GP

GP0619 Metrics Fig 01

US gas production (Bft3d) and prices ($/Mcf)

 

GP0619 Metrics Fig 02

US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu

 

GP0619 Metrics Fig 03

US natural gas plant field production of NGL, LPG, ethane and propane, Mbpd 


Copyright © 2019. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

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FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
The $26-B small-scale LNG market is gaining exciting traction this year.
Regional Focus: Singapore moves closer to becoming a global LNG trading hub
-Eugene Gerden
Amid strong demand for LNG in the Asia-Pacific region and the need to secure regular gas supplies on a large scale, Singapore may become a major regional hub for LNG trade.
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-Adrienne Blume
For the third time in its 47-yr history, Gastech is returning to Houston, Texas.


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