LP Gas, March 2014
Continued from page 28 dropped dangerously low this winter partly due to the United States becoming a net exporter of propane in 2012 for the first time since the U S Energy Information Administration EIA began tracking exports in 1973 Exports rose to a record 410000 barrels per day in November the latest data available from EIA Enterprise Products Partners and Targa Resources are the primary propane exporting companies Their terminal expansions in 2013 nearly doubled propane export volumes from 26 billion gallons in 2012 to 45 billion gallons last year according to ICF International Five other companies have projects planned through 2016 These events are happening amid domestic propane production increases by 14 billion gallons in 2013 according to ICF International The growth stems mainly from natural gas production from the Marcellus and Utica shale Propane suppliers like AePEX Energy are doing business in a new world plays in the Northeast LP gas production propane and butane from natural gas processing is up 40 percent since 2005 Braziel reported And ICF International forecasts propane production from North American natural gas liquids to grow from 333 million barrels Continued on page 32 FERC directs Enterprise to prioritize propane shipments For the first time FERC invoked its emergency authority under the Interstate Commerce Act to help alleviate a shortage of propane supplies to consumers in the Midwest and Northeast The commission initially issued a seven day order on Feb 7 but later extended it through Feb 21 It directed Enterprise TE Products Pipeline Co LLC to provide priority treatment to propane shipments from Mont Belvieu Texas to the Midwest and Northeast regions suffering from severe cold weather NPGA said the extension would allow 500000 barrels of propane to flow into the affected regions Were mindful of the emergency situation that has developed in parts of the country where bitter cold weather has created problems for consumers who need supplies of propane Acting FERC Chairman Cheryl LaFleur said in a prepared statement The problem is acute enough that we feel it is important for us to take this step 30 LPGas March 2014 www LPGasmagazine com PHOTO COURTESY OF AEPEX ENERGY WINTER PRICING AND SUPPLY
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