RBN’s Daily Energy Blog and Insights sharpen your energy IQ through fundamentals-based analysis that makes sense of North America’s energy market dynamics.
The NGL business is one of the most logistically complex segments of the energy industry. To really make sense of it you need to step back and look at the big picture. That’s exactly what our new U.S. NGL Infrastructure Map provides — a comprehensive view of the entire NGL value chain.
U.S. propane inventories increased by 1.1 MMbbl for the week ended June 5, below both industry expectations and the seasonal average. While inventories remain well above year-ago and five-year levels, the pace of stock builds has moderated since early April, particularly in the Gulf Coast region.
The RBN NATGAS Haynesville is a weekly natural gas fundamentals analysis focused on supply, flow, and LNG-driven demand dynamics within the Haynesville basin.
CSV Midstream Solutions announced on June 9 that it plans to build a 35 Mb/d fractionation plant in Fort Saskatchewan. Subject to regulatory approval, CSV expects to make a final investment decision (FID) on the project by early 2027, targeting startup in 2029.
There’s an interesting aspect to the buildout of new Permian gas processing capacity, NGL pipelines, fractionators and NGL export terminals, namely that virtually all of the projects are being undertaken by midstream companies that handle NGLs along their entire value chain, from wellhead to water.
U.S. Gulf Coast ethane cracker margins have come back to earth after several weeks of extraordinary profitability.
According to data from the NGL Voyager Report, propane exports reached an all-time high of 2.1 MMb/d in May. The increase was largely due to more volume exported out of Enterprise’s Neches River flex terminal.
The rapid buildout of Permian gas processing plants and other NGL-related infrastructure in Texas and southeastern New Mexico isn’t just continuing, it’s accelerating. In today’s RBN blog, we discuss the latest project announcements and why gas and NGL production in the Permian are still rising.
NATGAS Billboard is a daily, early morning email and report that provides an up-to-the-minute view of the natural gas market outlook, including storage injections/withdrawals and price. Billboard’s models incorporate pipeline flow data, weather models, electricity demand data and more.
U.S. propane inventories continued to build in late May, rising 2.1 MMbbl to 83.3 MMbbl and remaining well above historical levels. Meanwhile, propane exports fell sharply from the prior week to 1.65 MMb/d, though volumes remained higher than the same week last year.
The U.S. propane market typically follows predictable trends. With much of domestic demand occurring in the colder months, storage builds in the summer and is withdrawn in the winter. But since mid-April, storage levels have increased by only 1.2 MMbbl. Today, we explore what is going on and why.
U.S. LNG feedgas is climbing again as the maintenance season winds down. Cameron and Freeport appear to be bringing their respective offline trains back online.
Commissioning activity at Golden Pass and Corpus Christi Stage III continues to progress and U.S. LNG feedgas demand averaged 17.8 Bcf/d last week, up about 0.4 Bcf/d week-on-week.
