The U.S. is expected to become the world's biggest exporter of natural gas liquids at more than 22 million tons per year by 2020 with the expansion of the Panama Canal, scheduled for completion in 2015, according to Sanford C. Bernstein & Co. "The Panama Canal widening is definitely a positive for propane and butane producers in the U.S. who want to get rid of product," said Bradley Olsen of Tudor, Pickering, Holt & Co. "We're going to be in a situation where the U.S. is effectively increasing supply on the global market by about 30 percent in the course of three or four years."

Related Summaries