Not only will the ethane cracker be supplied by the Marcellus and Utica shales, but the customers for its polyethylene are within a 700-mile radius.
High inventory will keep prices stable, says Greg Haas of Stratas Advisors; NGL prices struggle in the past week.
Is the sector taken for granted?
There have been major regulatory changes impacting the midstream.
Crestwood’s Northeast operations include a large-scale NGL marketing and logistics business, a world-class storage and transportation joint venture with Con Edison, and an 875 MMcf/d gathering system in West Virginia.
Speaking at the Marcellus-Utica Midstream Conference, The Williams Cos. said export demands will fuel need for additional supply growth through 2028.
Untapped gas markets in New York and New England loom just out of reach, thanks to state regulators.