Midstream & Transport Monitor - April 15, 2016

There’s light at the end of the long, dark ethane tunnel, according to a leading midstream consultant. Peter Fasullo, principal at Houston-based EnVantage Inc. told a standing-room-only crowd April 12 at the 95th annual GPA Midstream Association convention that the supply-demand balance for ethane has led to giveaway prices and large ethane-rejection volumes in which much of the ethane extracted from raw natural gas goes into the gas transmission system for consumption by gas users. Meanwhile, The topsy-turvy nature of the oil and gas prices over the past two years caused the INGAA Foundation to update its midstream infrastructure development forecast through 2035 to reflect the new market dynamics and austerity from both producers and midstream operators.