Investor Presentaiton
Expanded Fractionation Should Push U.S. LPG Supply Higher
1.6 MMbbl/d of Incremental Frac Capacity Expected to Come Online in 2020
Frac Capacity (MMbbl/d)
11.0
10.0
2.5
2.0
1.6
9.0
8.0
7.0
0.5
1.5
0.2
0.4
0.4
0.6
1.0
6.0
0.7
0.1
0.8
0.5
5.0
Propane Production (MMbbl/d)
10
4.8
4.9
5.7
6.5
7.1
7.5
7.7
8.1
8.6
4.0
2012
2013
2014
2015
2016
2017
2018
2019
2020
Existing Frac
Incremental Frac
Propane Production
Major Gulf Coast Processing Constraints Have Eased, Supporting Future LPG Production Growth
•
Increased processing infrastructure throughput is a key to long-term LPG production growth
•
1.2 MMbbl/d of incremental frac capacity has already come online in 2020
•
1.6 MMbbl/d of incremental y-grade pipeline capacity has been constructed YTD
•
Increased capacity should allow for greater NGL extraction from U.S. gas stream
Source: EIA, Platts, Company Reports
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