Investor Presentaiton
NGL Demand Growth Expected Through 2050
Demand for NGLs will continue to grow to meet the needs of the energy
transition and the growth in global petrochemical demand
Change in Demand by Liquids Product
Change in Market Share
MBbl/d
14,000
LPG demand up 1.44 MMBbl/d by 2030
12,000
10,000
8,000
10,796
6,000
85,396
4,000 4,427
2,000
MBbl/d
5%
5%
94,000
16%
11%
12,429
11%
92,000
LPG
NGL share increases
90,000
Ethane
88,000
85%
6,708
84%
86,000
85,583
Other Oil Products 84,000
Gaining Petrochemical and Res/Comm
Demand Increases NGL Demand
2022
2024
2026
2028
2030
2032
2034
2036
2038
2040
2042
2044
| Antero Resources (NYSE: AR)
2046
2048
2050
82,000
82%
Crude and Condensate
share decreases
6%
18%
12%
80,000
2022-2029
2030-2039
2040-2050
All Other Oil Products
LPG
Ethane
Source: S&P Global Commodity Insights, Nov 2022 Reference Case.
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