Investor Presentaiton
Expanded Fractionation Should Push U.S. LPG Supply
Higher
Large Expansion of U.S. Capacity in 2020 Increased LPG Production Capacity
Frac Capacity (MM bbl/d)
11.0
10.0
9.0
3.0
2.5
0.6
0.1
0.2
2.0
8.0
7.0
6.0
1.2
0.3
0.2
1.5
0.3
0.4
0.9
1.0
5.0
0.5
0.1
0.8
0.5
4.0
3.7
3.7
3.8
4.6
5.1
6.0
6.4
6.6
6.9
7.2
8.4
8.6
8.8
3.0
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
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
•
1.5 MMbbl/d of incremental frac capacity was brought online between 2020 and 2022; 600 Mbbl/d expected in 2023
•
0.5 MMbbl/d of incremental y-grade pipeline capacity expected through 2024
.
Increased capacity should allow for greater NGL extraction from U.S. gas stream
Source: EIA, Platts, Company Reports
Propane Production (MMbbl/d)
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