Ethane

Editor’s Note: NGI’s Mexico Gas Price Index, a leader tracking Mexico natural gas market reform, is offering the following column by Eduardo Prud’homme as part of a regular series on understanding this process. Prud’homme was central to the development of Cenagas, the nation’s natural gas pipeline operator, an entity formed in 2015 as part of…

After the recent flurry of mergers and acquisitions in the upstream space across North America, Phillips 66 thinks the midstream space is ripe for consolidation. The Houston-based management group discussed third quarter performance for the energy manufacturing and logistics firm during a conference call with analysts Friday. CFO Kevin Mitchell thinks the company could position…

Construction of Royal Dutch Shell plc’s multi-billion dollar ethane cracker in western Pennsylvania is about 70% complete, while the 98-mile pipeline system that would feed the facility is 95% complete, a company executive said Tuesday, noting that the Covid-19 pandemic has complicated the project. “All of the major equipment is up, all of the modules…

Mexico will need to build out infrastructure to import ethane in order to keep its petrochemicals industry afloat amid insufficient domestic natural gas production, according to local experts. President Andrés Manuel López Obrador’s recent call to renegotiate or even cancel an ethane supply agreement between state oil company Petróleos Mexicanos (Pemex) and the Etileno XXI…

Mexico will need to build out new infrastructure to import ethane in order to keep its petrochemicals industry afloat amid insufficient domestic natural gas production, according to local experts. President Andrés Manuel López Obrador’s recent call to renegotiate or even cancel an ethane supply agreement between state oil company Petróleos Mexicanos (Pemex) and the Etileno…

Natural gas supply is once again at the heart of a contractual dispute between Mexico’s government and the private sector, with President Andrés Manuel López Obrador’s sights now trained on the Etileno XXI petrochemicals plant owned by Braskem Idesa in Veracruz state. López Obrador said Monday the terms under which state oil company Petróleos Mexicanos…

A rebound in demand for ethane as a key feedstock for petrochemical manufacturing should fuel production growth through 2021, according to the Energy Information Administration (EIA). EIA forecasted in its August Short-Term Energy Outlook that ethane production would exceed 2 million b/d by the fourth quarter. That would mark a 9% increase from the start…

PTT Global Chemical pcl has lost its equity partner in a multi-billion dollar ethane cracker proposed for southeast Ohio.  Daelim Chemical USA dropped its stake, citing the Covid-19 pandemic’s impact on the project timeline and the global economy’s impact on its investment plans. PTT affiliate PTTGC America LLC said it would move ahead with the…

A sharp recovery in natural gas liquids (NGL) production projected in the Permian Basin won’t be enough to stave off a dramatic decline in overall U.S. output, which Rystad Energy is forecasting will tumble to under 4.2 b/d in 2021.