NGLs Enjoy Price Advantage in Petchem Market

摘要

High gas prices generally translate into hard times for the US petrochemicals industry.However,outside of the beleaguered methanol-ammonia-fertilizer sector,US petrochemicals manufacturers are competing quite well at the moment in the international arena The reason: Despite US7-US8 per million Btu North American gas,prices for natural gas liquids(NGLs),particularly ethane,remain attractive relative to those for the oil-derived naphtha that feeds most Asian and European crackers(WGI Jul.20,p8).