LPG and ethane exports out of the U.S. continue to grow rapidly and are expected to reach 3.4 MMb/d by 2030. They are also critical parts of a plan by Enterprise Products Partners to expand its total liquid hydrocarbon exports to 100 MMbbl per month (100 MMb/month), a roughly 50% increase from current levels for crude oil, LPG and ethane, refined products and petchems. In today’s RBN blog, we’ll take a closer look at Enterprise’s LPG and ethane exports and how much they need to grow to reach the company’s ambitious goal.
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Enterprise CEO Jim Teague said during his appearance at RBN’s NACON: PADD 3 Conference in October that the company expected to continue the growth of its already impressive export portfolio, aiming to reach 100 MMb/month, or about 3.33 MMb/d. While Enterprise hasn’t spelled out how it intends to ramp up its liquid exports, in Part 1 we walked you through how it might all shake out. For the first nine months of 2024, Enterprise reported that it was exporting nearly 67 MMb/month (2.2 MMb/d) of liquid hydrocarbons (average of last nine stacked bars to far right in Figure 1 below), with crude oil (gray bar segments) accounting for 30.2 MMb/month (992 Mb/d), NGLs (LPG, ethane and natural gasoline; dark-blue bar segments) adding another 27 MMb/month (886 Mb/d), and refined products and petchems (light-blue segments) contributing 9.6 MMb/month (315 Mb/d).
Figure 1. Enterprise Liquid Hydrocarbon Exports. Source: Enterprise
To move combined exports from 2.2 MMb/d to 3.33 MMb/d would require a jump of about 50%, or 1.1 MMb/d. (For the sake of our analysis, let’s assume as a starting point that the share of exports from each group will remain essentially constant, as it has since January 2021, although NGL volumes might be likely to grow more than crude oil due to Enterprise’s new gas processing plants in the Permian and new dock capacity being built at Neches River and Houston. More on those in a bit.) An across-the-board increase of 50% would push crude oil exports to nearly 1.5 MMb/d, NGL exports (including ethane) to about 1.3 MMb/d, and refined products/petchems to about 470 Mb/d. The focus of our first blog was crude oil. Today, we’ll look at the NGL side of the equation.
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About the song
“Against All Odds (Take a Look at Me Now)” was written and recorded by Phil Collins as the title song for the 1984 movie Against All Odds. Produced by Arif Mardin and released in February 1984, the single went to #1 on the Billboard Hot 100 Singles chart, #1 on the Mainstream Rock Tracks chart, and #2 on the Adult Contemporary list. Originally an unreleased song of Collins’s titled “How Can You Just Sit There,” written about the breakup between Collins and his first wife, the song was rewritten to reflect what the film was portraying. In addition to the single, the song appears on the 1984 soundtrack album, Against All Odds, and also on Collins’s 1998 Hits album and Love Songs: A Compilation, released in 2004. Personnel on the recording were: Phil Collins (vocals, drums), Rob Mounsey (piano, keyboards), and an orchestra conducted by Arif Mardin. The song won a Grammy Award for Best Pop Vocal Performance by a Male in 1985.
Phil Collins is an English singer, songwriter, drummer, multi-instrumentalist, record producer and actor. He started in show business as a child actor, and his professional musical career began as the drummer, and later lead vocalist for the British rock band Genesis. He recorded nine studio and two live albums with Genesis. Since going solo in 1979, he has released eight studio albums, one live album, and three compilation LPs, along with 45 singles. He has sold more than 150 million records worldwide. Collins has won eight Grammy Awards, six Ivor Novello Awards, four Billboard Music Awards, three American Music Awards, two Golden Globes, one MTV Video Music Award, and one Academy Award. He is a member of the Songwriters Hall of Fame, was inducted into the Rock and Roll Hall of Fame as a member of Genesis, and has a star on the Hollywood Walk of Fame. In March 2022, at the last date of Genesis’s The Last Domino? Tour, at O2 Arena in London, Collins announced that “It’s the last show for Genesis.” A five-LP Box set was released in September entitled Both Sides (All the Sides).
