Maxed-Out Export Infrastructure To Strand U.S. LPG This Winter

摘要

The growth of U.S. LPG exports will outpace terminal capacity this winter, constraining shipments, according to ESAI Energy's webinar U.S. Growing Pains to Upend LPG Trade & Demand, and as reported by OilVoice. The export constraint will temporarily cause scarcity in Asia and the international market, driving up LPG prices relative to naphtha and causing feedstock switching in the petrochemical sector. Meanwhile, stranded LPG in the U.S. will push down prices relative to ethane in the Gulf Coast, making propane a more attractive petchem feedstock in that market.