Happy September everybody! To help us focus as we come back from what was (hopefully) a relaxing summer, here is a quick synopsis of propane supply and demand. This report comes from ICF International and was prepared for the NPGA last year. Since we wanted to get straight to the point, this time weβre only including graphs and a few key factsβ¦Enjoy!
Key Points about Propane Supply:
1. In 2010, the U.S. became a net exporter of propane for the first time in over 30 years.
2. In 2011, total U.S. production of propane from domestically produced natural gas liquids exceeded total U.S. consumer propane demand for the first time.
3. In 1Q12, total U.S. propane supply produced form U.S. and Canadian resources exceeded total propane demand, including both consumer propane demand and industrial feedstock demand, for the first time.
Other Important Facts:
1. In 2011, 85.5% of U.S. propane supply was produced from U.S. and Canadian resources.
2. In 2011, 14.5% of U.S. propane supply was imported.
3. In 2011, 12.4% of U.S. propane supply was exported (so on a net basis the U.S. only imported 2.1%).
To view the complete ICF International Report click here.