GAZB - Updating The NGL Picture: Prices Production Exports And More
Despite being potentially less familiar to a generalist audience than more "approachable" hydrocarbons like oil and natural gas, natural gas liquids (NGLs) have grown in importance within midstream as US production and exports have risen quickly over the last few years. After falling to multi-year lows in August, NGL prices along the Gulf Coast have shown signs of a recovery over the last month. This week's Insights post provides a high-level update on what's driving NGL prices and inventories, production, and exports, as well as the infrastructure being developed to facilitate it all.