Geographically, Texas may be the nation's second largest state. But when it comes to oil and gas activity, it is the undisputed upstream, midstream and downstream leader. With 280,000+ miles of crude oil and natural gas pipelines, the Lone Star State's extensive midstream network connects prolific plays like the Permian Basin and the Eagle Ford to the world’s largest complex of refineries along the Gulf Coast. This September, Hart Energy's MIDSTREAM Texas conference and exhibition gives you an in-depth look at midstream activity across the state.
Hear directly from 20+ senior-level executives and industry analysts in uniquely candid conference sessions. Discover strategies for staying competitive across the entire commodity cycle. And meet and network with hundreds of midstream professionals during the event's 9+ hours of dedicated networking sessions. Plus, hundreds of upstream and midstream exhibiting companies will showcase the latest products and technologies on the trade show floor.
First LNG Cargo Scheduled For Expanded Panama Canal The Panama Canal’s $5.25 billion expansion project was completed this week. This will provide LNG shippers from the U.S. Gulf Coast with faster transit routes with the first shipment scheduled by BP Plc for late July.The 138,517 cubic meter-capacity British Merchant will be sent from Trinidad & Tobago to the Pacific market.According to the Panama Canal Authority, there are no other LNG tankers scheduled to traverse the Panama Canal this year. Part of this lack of LNG shipments is because U.S. shippers are focusing more on Europe and South America as the price spread to Asian markets is tightening due to lower prices and an oversupplied market.
Frac Spread: NGL ‘Barrel’ Celebrates Highest Price In 14 Months The midpoint of the year is a good time to enjoy fireworks and reintroduce the Frac Spread, which appears bimonthly in print in Midstream Business and weekly online.Though less spectacular than the Chrysanthemums, Crosettes and Girandolas that will decorate the sky on July 4, NGL prices have been known to brighten the faces of traders at times. To be clear, the process used to produce the products discussed in this space is fractionation, not hydraulic fracturing; hence, we’re talking frac, as opposed to frack.Specifically, we’re watching five NGL—ethane, propane, butane, isobutane and C5+ (pentanes-plus or natural gasoline)—at the Mont Belvieu, Texas, and Conway, Kan., hubs. Most NGL in the U.S. are produced from natural gas processing, although about 20% are derived from crude oil refining.In short, the Fran Spread itself is the measure of profitability for gas plants. It shows the value of NGL as individual components vs. the value if not removed from the natural gas pipeline and sold as fuel.