More propane transiting expanded Panama Canal
June 21, 2019 By Brian Richesson
The flow of hydrocarbon gas liquids through the Panama Canal from the U.S. Gulf Coast to Asia has increased since the canal expanded in 2016.
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The flow of hydrocarbon gas liquids through the Panama Canal from the U.S. Gulf Coast to Asia has increased since the canal expanded in 2016.
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Marty Lerum of Propane Resources provides his thoughts on how propane retailers should respond to customers’ questions about supply and pricing.
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In 2017, Mont Belvieu averaged a higher price than Conway by 4.52 cents. That 4.5-cent spread is maintained because of the oversupply in the Midwest, Cost Management Solutions says.
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AltaGas says it has about 75 percent of its supply secured for the Canadian Ridley Island Propane Export Terminal.
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Additional NGL takeaway capacity delays in the Northeast are creating a ceiling for wet gas production and putting downward pressure on earnings for the operators in the region, East Daley Capital Advisors reports.
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The National Propane Gas Association says it undertook several steps to help relieve stress on propane distribution systems during the winter heating season.
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Pacific Traverse Energy filed an application in February with the National Energy Board for permission to export propane from a new facility proposed to be constructed in British Columbia, Canada.
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In cooperation with Pemex, the state-owned oil company of Mexico, Cydsa is developing salt caverns for the underground storage of hydrocarbons.
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U.S. crude and petroleum exports increased in recent years, and propane exports have accelerated significantly, the Energy Information Administration reports.
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The Atlantic and Western Railway, a subsidiary of Genesee & Wyoming Inc., opened its Choice Terminal bulk transload facility in Sanford, North Carolina.
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