Norwegian production: dropping; down about 128,000 bopd.
RBN Energy: West Coast alternatives for exporting LPG to Asian markets.
The Pacific Northwest will never be a Houston or even a Marcus Hook when it comes to liquefied petroleum gas (LPG) export volumes, but the region — British Columbia, Washington State and Oregon — is finally poised to get a second marine terminal dedicated to loading propane and butane, the two LPG family members.
When AltaGas and Royal Vopak’s planned 40-Mb/d LPG export terminal on BC’s Ridley Island comes online in the first quarter of 2019, it will join Petrogas’s 30-Mb/d terminal in Ferndale, WA, in offering time-saving, straight-shot LPG deliveries to Asia, which has emerged as a leading destination for North American-sourced propane and butane.
Other LPG export terminals in the Pacific Northwest have been proposed. Today we begin a blog series on propane and butane exports from Ferndale and the prospects for regional export growth.Jobs:
- first time claims, forecast: 240K
- actual: 241,000 against revised 238,000 (from previously reported 237,000) -- so up 3,000
- four-week moving average, prior: 243,000