NGLs Storage

Last week we started a blog series looking to answer the question - Are we likely to run into storage issues with NGLs while we are waiting for infrastructure and demand side projects such as export terminals and petrochemical facilities to be built out?  Today we are going to take a deeper look at PADD 1 NGL market dynamics where gas plant production of NGLs is expected to grow from 63 Mb/d as reported by the EIA for February 2013, to over 585 Mb/d in 2018.  We’ll assess growing supply and demand mismatches and how production will move between regions.  Today we will lay the foundation for our PADD 1 NGLs storage picture.