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Exports taking up the slack for propane demand

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Exports taking up the slack for propane demand
« on: March 17, 2017, 09:53:43 PM »
The lead story in today's edition of the EIA web page is how despite a mostly mild winter in the USA that total demand for propane is holding up well thanks to exports.  There's been quite a lot of activity these last few years in building natural gas liquids pipelines and export terminals and the payoff is now coming as record amounts of exports are being recorded, including the port facilities at Marcus Hook outside of Philadelphia.  While the price of liquids gotten out of wet gas is low, they probably would be at disastrous levels without the means to sell to foreign customers. I think we will be seeing a parallel situation quite soon with LNG exports.  There are only 2 LNG trains operating right now, but there should be 5 in service by the end of the year and  15 to 20  by the end of the decade.