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The gas price spike has incentivized Norwegian upstream producers with midstream assets

From ihsmarkit.com

Upstream producers and midstream natural gas liquids (NGL-) operators and asset owners in Norway are reducing ethane recovery from natural gas and have temporarily suspended ethane exports to Sweden and Belgium. Recent high natural gas prices in Europe greatly incentivize ethane rejection to boost natural gas production and natural gas sales in the form of rejected ethane. Norwegian authorities have limited short- term expansions of natural gas production, so ethane rejection is a way to increase natural gas production in the short term to support the current European natural gas supply shortage. Ethane recovery and ... (full story)

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  • Category: Fundamental Analysis