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U.S. ethane production, consumption, and exports set new records again in 2023
U.S. ethane production, consumption, and exports established new record highs in 2023, according to data from our Petroleum Supply Monthly. Continued growth in ethane consumption in the global petrochemical sector and rising ethane recovery associated with natural gas production drove these increases. U.S. ethane production rose 9% to average 2.6 million barrels per day (b/d) in 2023, driven by record natural gas production. In the United States, almost all ethane is recovered at natural gas processing plants, which remove ethane and other natural gas plant liquids (NGPL) from raw natural gas. The Texas Inland and ... (full story)