RE:$350 BillionKherson wrote: If folks believe that the NG and NGL business is slowing on the U.S. Gulf Coast, take a closer look at the expansion plans going on in Louisiana and Texas. Believe it or not, $350 Billion is being spent or is planned to be spent in the near future on LNG facilities and Chemical processing in the area!
Kherson
CNBC
Winter is coming and the goose is getting fat.
Buy whatever does NOT go bankrupt by then ?
Canada is paying $69 for condensate.
CNBC
However, ultra-light condensate - condensate is itself a super-light crude oil - is an increasing part of the makeup of far West Texas and New Mexico output, which could be moved via rail if too light to move in pipelines.
Lightness of crude is largely determined by its API gravity, a measure of how light or heavy it is compared to water. Typical WTI's API gravity ranges from 38 to 40, while condensate is generally 45 to 80 or even higher. An ultra-light condensate's API is generally higher than 70.
Too much very high-gravity condensate can exceed pipeline API gravity limits, but trains can move it, McGannon said.
"Rail provides a solution for high-gravity condensates," he said at the American Business Conferences' Crude Markets and Storage Summit in Houston.
He said it would need minimal processing in a stabilizer to remove volatile natural gas liquids, as crude is before it moves in a pipeline for safety reasons.
The processing also would make it an exportable refined product under U.S regulations.
U.S. condensate exports doubled in May from January levels with most shipments going to Europe. 1/2ID:nL3N0ZC4RN 3/8
(Reporting by Kristen Hays; Editing by Marguerita Choy)