Insight

US NGLs: 4 Things to watch for in 2023

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COVID lockdowns, the ongoing war in Ukraine, and economic slowdown have all contributed to changes in the NGL market fundamentals last year. Their impacts continue into 2023 which along with emerging macroeconomic factors and the shift in corporate focus will shape the US NGL market this year. In this insight, we focus of four big trends to watch for this year - 1. COVID lockdowns currently weigh down on propane prices, but China PDH startups will increase propane export demand and improve prices 2. Ethane price increase expected in 2023 due to favorable, albeit low ethylene production margins driving more recovery 3. Additional Permian processing capacity will be announced to support growth 4. NGL fractionation volumes getting routed from Midwest to Gulf Coast could impact hub differentials

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    4 Things To Watch For Insight.pdf

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