Investor Presentaiton
U.S. LPG Supply Expected to Keep Price Competitive
U.S. Propane Production Remains Healthy
2.8
2.6
2.4
MM bbl/d
1.8
1.6
1.4
2 2 2 2 2 2 2
2.2
2.0
1.2
J
F
M
A
M
J
J
A
S
N
5-yr Range
2022
2023
Growing Inventories Encourages Near-Term Propane Exports
120
MMbbl
100
80
60
60
40
20
20
ם
•
.
•
U.S. propane production averaged record
levels of around 2.4 MMbbl/d in 2022
2022 PADD III production has averaged 1.5
MMbbl/d, up 10% Y/Y
2023 YTD production volumes have averaged
2.4 MMbbl/d, 2% lower than 2022 YTD
J
F
M
A
M
J
J
A
S
ON D
5-yr Range
2022
-2023
Source: EIA
Note: As of January 20, 2023
Inventories saw close to nine months of builds
from decreased seasonal demand and higher
production
Inventories stand at 75.6 MMbbls, 27% above
the five-year average
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