US Industry Metrics
According to data from the EIA’s Petroleum Supply Monthly publication, released in February, US production of natural gas plant liquids (NGL) increased for the 12th straight year in 2017. Output climbed to a record 3.74 MMbpd, representing a 6.4% increase over 2016 volumes. The EIA also forecast in its Short-Term Energy Outlook that NGL production will increase by 15% this year as the ethane market continues to expand. If realized, this expansion would be the second-highest rise recorded after the 16% increase seen in 2014. GP
US gas production (Bcfd) and prices ($/Mcf)
US natural gas spot prices at Henry Hub and NGL spot prices at Mont Belvieu, $/MMBtu
US natural gas plant field production of NGL, LPG, ethane and propane, Mbpd
According to GIIGNL’s 2018 Annual Report, global LNG trade expanded by 3.5 Bft3d in 2018, to 38.2 Bft3d—a record 10% increase.
Power, LNG projects drive pipeline construction in Africa
Increasing public investment in gas-fired power plants in Africa, the continuing recovery in global oil prices and persistent insecurity in key producer markets, such as Nigeria, are likely to impact gas transmission pipeline projects on the continent, even as more international companies express interest in the region’s stranded gas resources.
Maximize Profitability with Advanced Analytics at Natural Gas Processing Plants
Incorporating economic data into process modeling is key to optimizing operations and maximizing profits at gas processing plants. However, maintaining optimal operations are often challenging due to changing market dynamics, contract structures and increasing process flexibility. Today, gas processors are leveraging Predictive Control and First Principles models to accurately determine and control the optimal operating targets in real time based on the most current plant conditions and profitability, optimizing recovery of natural gas liquids. Learn how real-time analytics, combined with decision support tools, empower companies to:
•Improve processing margins by up to 5%
•Maximize NGL production through improved availability and optimized process conditions
•Improve compositional control to operate closer to product specifications
May 22, 2018 10am CDT