US Industry Metrics

A. Blume, Managing Editor

In the US, Henry Hub natural gas spot prices began climbing in late June, rising to just under $3/MMBtu by early July. Meanwhile, prices for NGL bounced up briefly in June, but then slid again by early July. Domestic production of NGL, LPG, ethane/ethylene and propane/propylene slipped in April (the latest month of data available as of the time of publication) from highs in March. In contrast, natural gas production dropped sharply in March from a high seen in February. The portion of ethane recovered as a percent of total NGPL production has been increasing this year due to higher ethane use by USGC petrochemical producers. GP