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Abstract

The supply growth of natural gas liquids (NGLs) globally within the last decade is unprecedented. The future global demand growth for NGLs is expected to be strong in areas where relevant industries are garnering robust investment and policymakers support the use of NGLs. However, NGLs are hostage to the fate of natural gas markets, as their production is largely tied to the future production of natural gas. Competition from cheaper coal, calls to rein in carbon emissions from fossil energy, and the rapidly declining costs of renewable technologies imply that natural gas has to fight for its place in the future fuel mix.

NGLs may present a silver lining to the future of natural gas, given their close links. The power sector is usually considered the principal driver of future demand growth. However, natural gas is likely to have a bigger role to play in future, given the essential role of NGLs in displacing polluting fuels for cooking and heating, as a feedstock for petrochemical plants that produce thousands of consumer goods.

Authors

Rami Shabaneh

Rami Shabaneh

Research Associate Rami is a KAPSARC research associate focusing on global gas and liquids markets. He has more than 10 years of…

Expertise

  • Oil and gas markets
  • NGLs
  • and petrochemicals

Publications See all Rami Shabaneh’s publications

Assessing the Impact of Natural Gas on Natural Gas Liquids: Policy Challenges and Imperatives

Assessing the Impact of Natural Gas on Natural Gas Liquids: Policy Challenges and Imperatives

The supply growth of natural gas liquids (NGLs) globally within the last decade is unprecedented.…

November 15, 2018
Potential Effects of Trade Liberalization on China’s Imports of Plastics From the GCC

Potential Effects of Trade Liberalization on China’s Imports of Plastics From the GCC

The supply growth of natural gas liquids (NGLs) globally within the last decade is unprecedented.…

June 4, 2018
Kang Wu

Kang Wu

Program Director Kang is the program director for Markets and Industrial Development at KAPSARC, with many years of energy research and consulting…

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