全球智库信息集成服务系统(G2TT): US NGLs Production and Steam Cracker Substitution: What will the Spillover Effects be in a Global Petrochemicals Market?

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来源类型	Energy Comments
规范类型	评论
	US NGLs Production and Steam Cracker Substitution: What will the Spillover Effects be in a Global Petrochemicals Market?
	Bassam Fattouh; Craig Brown
发表日期	2014-09-29
出版年	2014
页码	6
语种	英语
概述	The surge in natural gas liquids (NGLs) supply accompanying US shale production has notably underpinned the domestic petrochemicals industry with cheap plant feedstock, particularly in the form of ethane. This has allowed US plants to forge a competitive global position in ethylene production and ushered in a new era of investments in the US petrochemicals […]
摘要	The surge in natural gas liquids (NGLs) supply accompanying US shale production has notably underpinned the domestic petrochemicals industry with cheap plant feedstock, particularly in the form of ethane. This has allowed US plants to forge a competitive global position in ethylene production and ushered in a new era of investments in the US petrochemicals sector. However, the impact of US NGLs production is not confined to the domestic petrochemicals sector. The emergence of the USA as a key global exporter of light-end commodities and purity products split from NGL streams is not just redrawing traditional trade patterns, it is also influencing wider market dynamics and global petrochemical feedstock trends and investment decisions. In this paper, we argue that while North American producers will lead the charge on cost-advantaged ethane-based ethylene production, petrochemicals markets will also adjust to support naphtha-based steam crackers based on growth in condensate exports and splitting capacity, particularly in markets east of Suez. Given these dynamics, the major spillover effect of US NGLs production on global petrochemical markets will be the provision of more optionality and feedstock alternatives between LPG and naphtha to global producers; this will ultimately act as a ‘balancing mechanism’ in global petrochemical markets outside the USA.
主题	Country and Regional Studies ; Energy Economics ; Energy Policy ; Gas
关键词	Condensates Condensates Splitters Ethane ethylene LPG Naphtha NGLs Petrochemicals US Shale
URL	https://www.oxfordenergy.org/publications/us-ngls-production-and-steam-cracker-substitution-what-will-the-spillover-effects-be-in-a-global-petrochemicals-market/
来源智库	Oxford Institute for Energy Studies (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/312330
推荐引用方式 GB/T 7714	Bassam Fattouh,Craig Brown. US NGLs Production and Steam Cracker Substitution: What will the Spillover Effects be in a Global Petrochemicals Market?. 2014.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
US-NGLs-Production-a（1500KB）	智库出版物		限制开放	CC BY-NC-SA	浏览