Expanding international markets will strengthen world`s gas processing

Journal Article · Mon Jun 12 04:00:00 EDT 1995 · Oil and Gas Journal

OSTI ID:61281

Haun, R R ^[1]; Otto, K W; Whitley, S C ^[2]

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1. Purvin and Gertz Inc., Dallas, TX (United States)
2. Purvin and Gertz Inc., Houston, TX (United States)

Worldwide demand for NGLs is booming. In the international LPG market, demand growth is particularly strong in the developing markets in Asia. Demand has risen sharply in China, requiring significant imports to balance the market. Overall net LPG imports to Asia will continue to expand through 2000 as demand growth continues to outpace regional supply build-up. In North America, increased NGL demand is resulting from strong growth in petrochemical-feedstock markets. The surge in olefin demand experienced in 1994 has led to a noticeable expansion in total feedstock requirements. This trend, combined with a reasonably flat outlook on regional NGL supplies, should result in a continuation of the tightening in regional NGL supply and demand, particularly for ethane and propane. Natural gas prices have eased somewhat relative to 1993 and early 1994. Gas-processing economics have therefore improved since along with the long-term outlook for industry profitability. The paper discusses world demand, world supply, international trade, US processing, US NGL supply, and products` futures.

• OSTI ID: 61281
• Journal Information: Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 24 Vol. 93; ISSN 0030-1388; ISSN OIGJAV
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
2-METHYLPROPANE
29 ENERGY PLANNING, POLICY, AND ECONOMY
BUTANE
COMPILED DATA
ETHANE
FORECASTING
GLOBAL ASPECTS
LIQUEFIED PETROLEUM GASES
NATURAL GAS LIQUIDS
NATURAL GAS PROCESSING PLANTS
SUPPLY AND DEMAND
TRADE