The new venture plans to build a 1 million tonne per year ethane steam cracker in Port Arthur, Texas, and is considering building a 625,000 tonnes per year polyethylene unit at Total's Bayport site.
Price of the NGL ‘barrel’ slinks to its lowest point since November.
NGL prices mostly hold steady in anticipation of increased demand.
NGL prices will stabilize, and then rise but not quite yet, CERAWeek panelists say.
IEA’s report predicts that rising global oil demand will outpace producer increases by 2022 unless investment increases sharply and soon.
NGL prices slump as doubt about OPEC’s production cut and a warm winter cast gloom.
Energy Transfer To Construct Fifth Fractionation Facility At Mont Belvieu
The long-term outlook for NGL is bright, even with last week’s declines.
Short-term NGL price jolts are ephemeral, but long-term plans carry risk as well.
BW Maple, with a total capacity of 82,000 cubic meters of LPG, was half-full when it collided near Chennai, India, with the Indian ship Dawn Kanchipuram on Jan. 28, Reuters reported.
U.S. refiners must adjust to a rapidly changing crude slate as downstream-facing midstream operators respond to maximize sourcing optionality.
Mozambique, which has vast offshore gas resources, awarded gas development projects to Norway's Yara International, Shell Mozambique and GL Energy Africa, the National Petroleum Institute (NPI) said on Jan. 30.