Mont Belvieu, TX and Conway, KS, are the two most significant U.S. hubs for NGL trading, storage and fractionation, with the much bigger Mont Belvieu hub primarily serving Gulf Coast and export demand, while the smaller Conway hub is focused on Midwest/Great Plains demand, especially for propane. The pricing dynamics between the two hubs are a key indicator of the supply/demand balance between the regions, but they don’t have the same kind of influence over the direction or magnitude of flows as price differential dynamics often do for other energy commodities. In today’s RBN blog, we will examine the gap between the price of the NGL “basket” in Mont Belvieu versus Conway and what that price spread tells us.
Bio:
Kristen Holmquist is the Managing Director of Analytics at RBN. She has a diverse background across the energy chain. She has more than 20 years of experience modeling economics and supply/demand for petrochemicals (C2/C3/C4 olefins), domestic US NGLs, international LPG markets and US/international NGL markets. As part of this diverse background, Kristen has acquired the skills to understand a wide variety of markets from both an economic and practical point of view and can apply this understanding to markets across commodities. Kristen has developed models for production and demand, pricing, pipeline and shipping flows, economics, and shiptracking. As part of this work, she has become adept at communicating the intricacies of the market to clients in a simple and understandable way. Her experience includes work at Chemical Market Associates Inc (now part of Dow Jones), Bentek, Poten & Partners and Tellurian. She holds a Bachelor of Science in Chemical Engineering from Virginia Tech and an MBA from the University of Notre Dame.
Outside of the office, Kristen is a huge Astros fan. She also enjoys traveling especially to places with great hiking and/or spas. Music has always played a large part in Kristen’s life from discovering her father’s vinyl Jimi Hendrix albums in 6th grade to her current obsession with Khruangbin. Her favorite band of all time is Sonic Youth.
Outside of the office, Kristen is a huge Astros fan. She also enjoys traveling especially to places with great hiking and/or spas. Music has always played a large part in Kristen’s life from discovering her father’s vinyl Jimi Hendrix albums in 6th grade to her current obsession with Khruangbin. Her favorite band of all time is Sonic Youth.
Position:
Managing Director of Analytics
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