U.S. NGL Production To Surge Ahead Of Demand In Next 5 Years

Thursday, November 17, 2011

U.S. gas plant natural gas liquids (NGL) production is expected to increase more than 40% over the next five years, according to a joint market study by BENTEK Energy and Turner, Mason & Company.

The BENTEK and TM&C joint study, The Great NGL Surge!, finds that as a result of excess NGL supply, transportation constraints and demand limitations, the North American NGL and crude oil markets will experience wide and volatile regional price differentials during the next few years.

"The shale revolution is having a dramatic effect on the NGL market in North America, and that in turn is driving changes in all aspects of the market, ranging from production, processing, fractionation and transportation to the petrochemical industry," noted BENTEK Vice President E. Russell (Rusty) Braziel.

To access a complete copy of this report, please visit www.OPISNet.com.