US ethane recovery eases as industry awaits new Gulf Coast export capacity in 2025

US ethane recovery has eased in recent months amid record high storage inventories, but midstream companies see opportunities for further recovery next year when new export capacity start service. Ethane production in 2024 has averaged 2.78 million b/d in 2024, up 5% year on year despite falling natural gas production, data from S&P Global Commodity Insights showed. But ethane recovery…US ethane recovery has eased in recent months amid record high storage inventories, but midstream companies see opportunities for further recovery next year when new export capacity start service. Ethane production in 2024 has averaged 2.78 million b/d in 2024, up 5% year on year despite falling natural gas production, data from S&P Global Commodity Insights showed. But ethane recovery…Read More