U.S. propane inventories continued their seasonal climb last week, reaching 90 MMbbl—24% above year-ago levels and 13% above the previous 5-year maximum. Meanwhile, U.S. propane exports remained elevated at 2.03 MMb/d, above both recent averages and 2025 levels.
U.S. LNG feedgas demand continued to climb last week, driven by higher intake at Corpus Christi, Freeport, and Golden Pass.
The NGL business is one of the most logistically complex segments of the energy industry. To really make sense of it you need to step back and look at the big picture. That’s exactly what our new U.S. NGL Infrastructure Map provides — a comprehensive view of the entire NGL value chain.
U.S. propane inventories continue to climb. The EIA reported a larger-than-expected inventory build, pushing stocks to 87.4 MMbbl, 29% above year-ago levels and 35% above the five-year average. Propane exports moved lower week over week but remained above year-ago levels.
Keyera Corp. provided a business update on June 16, a few weeks after having closed the acquisition of Plains’ Canadian NGLs business.
U.S. LNG feedgas jumped by about 1 Bcf/d in the last week as the maintenance season winds to a close. Corpus Christi and Freeport are back to full operations.
U.S. LNG feedgas demand averaged 17.9 Bcf/d for the week ending June 14 (see blue-dotted line below), up 0.95 Bcf/d week-on-week.
The NGL business is one of the most logistically complex segments of the energy industry. To really make sense of it you need to step back and look at the big picture. That’s exactly what our new U.S. NGL Infrastructure Map provides — a comprehensive view of the entire NGL value chain.
U.S. propane inventories increased by 1.1 MMbbl for the week ended June 5, below both industry expectations and the seasonal average. While inventories remain well above year-ago and five-year levels, the pace of stock builds has moderated since early April, particularly in the Gulf Coast region.
CSV Midstream Solutions announced on June 9 that it plans to build a 35 Mb/d fractionation plant in Fort Saskatchewan. Subject to regulatory approval, CSV expects to make a final investment decision (FID) on the project by early 2027, targeting startup in 2029.
There’s an interesting aspect to the buildout of new Permian gas processing capacity, NGL pipelines, fractionators and NGL export terminals, namely that virtually all of the projects are being undertaken by midstream companies that handle NGLs along their entire value chain, from wellhead to water.
