Rising NGL prices can’t keep up with commodities, resulting in narrower profit margins.
Warm weather and high levels of inventory have dampened NGL enthusiasm, but gas prices are moving up again.
Offline facilities and OPEC's indecision are to blame for NGL's recent slump.
Japan, which has five national LPG stockpiling bases with a total capacity of 1.5 million tonnes, had 1.15 million tonnes of LPG stored at the end of March.
Warm weather, high inventories drag down prices for NGL.
Stratas Advisors: AltaGas has lined up ample supply and delivery logistics for propane at its Ridley Island facility.
Millions of families in Brazil still use LPG sold in cylinders for cooking. The value of one 13-kilogram cylinder, currently sold for 55 Brazilian reais, or US$17.07, could increase 0.36% on average, Reuters reported.
American Midstream said it expects to be at the higher end of previously announced 2016 adjusted EBITDA guidance.
Ethane stumbles, but the other NGL components continue to set high marks for 2016.
Buckeye opened a 7.5 million offering of limited partnership units to partly fund the deal, which is expected to close in early January 2017, Reuters reported.
The combination of American Midstream and JP Energy provides scale and efficiency, companies say.
Rising natural gas prices lift NGL, especially ethane, to levels not seen since late 2014.