NGL

Strong global demand for U.S. NGL exports is driving another major expansion at one of the Gulf Coast's largest export hubs.

$861 million deal gives Keyera full ownership of a key Montney-Duvernay NGL pipeline system.

Pembina Pipeline has approved construction of its Heartland Extraction Plant in Alberta, expanding its NGL footprint and deepening a long-term ethane supply partnership tied to Dow’s Path2Zero project.

Phillips 66 is moving forward with the Midland Express Pipeline, the Zeus Gas Plant in the Permian Basin and a new Gulf Coast fractionator as part of a broader midstream expansion plan targeting rising natural gas and NGL volumes.

Targa Resources plans to expand its Delaware Express NGL Pipeline and build two new Permian gas processing plants as transport volumes continue rising.

Western Midstream is acquiring Brazos Delaware in a $1.6 billion deal that adds 900 miles of pipeline and expands its Delaware Basin gathering and processing footprint.

TGS is advancing a major Vaca Muerta NGL infrastructure project that includes a new 358-mile liquids pipeline and expanded export capacity in Argentina.

Phillips 66 reported a surprise quarterly profit as refining margins surged and the company expanded NGL and LPG export capacity along the Gulf Coast.

Plains All American expects to close its Canadian NGL business sale to Keyera in May, marking a step toward becoming a pure-play crude midstream company.

Argentina’s Transportadora de Gas del Sur (TGS) plans a $3 billion natural gas liquids project that includes new gas processing facilities and a pipeline linking the Tratayen plant to the Bahia Blanca export hub.

Tidewater Midstream has secured long-term gas handling and NGL supply and fractionation agreements at its Brazeau River Complex in Alberta, locking in up to 75 million cubic feet per day of natural gas volumes and strengthening utilization at the facility.

Global natural gas liquids volumes are projected to rise through 2035, with North America maintaining the largest share as petrochemical demand and shale gas production support long-term growth.

Energy Transfer is exploring whether to convert a Permian NGL pipeline to natural gas service as gas demand accelerates and liquids markets soften.

Phillips 66 has increased its 2026 capital budget to $2.4 billion, directing more funds toward expanding its midstream NGL network, new fractionation and pipeline projects along the Gulf Coast, and refinery upgrades aimed at higher margins.

Enterprise and ExxonMobil will boost the Bahia NGL pipeline to 1 million bpd and build a 92-mile New Mexico extension serving the Permian Basin under a new joint-interest agreement expected to close in early 2026.