Factors influencing LPG exports… RBN Energy

From the always excellent RBN Energy, here…

”The biggest driver of generally rising LPG exports is the widening gap between how much LPG the U.S. consumes and how much it produces — there’s simply too much of the stuff, and LPG-hungry European and Asian markets beckon. But month-to-month export volumes are often erratic, affected by a wide range of variables. Winter weather in Wisconsin. Steam cracker economics in Germany. Propane dehydrogenation (PDH) plant outages in China. Not to mention lingering fog or a tank-farm fire along the Houston Ship Channel, or the startup of a new NGL pipeline to the Marcus Hook terminal near Philly. Add to all this the export-volume spikes that may come later this year and in 2020 when new dock capacity comes online along the Gulf Coast.”

Do read the whole thing…