Propane is one of the wet gases that comes from natural gas wells. The more drilling and fracking the more propane produced. LNG is liquified natural gas. Most of the wet gases like propane, butanes, pentanes and ethane are stripped out of the natural gas and sold separately.
So the production of more natural gas means more propane is produced too. That means the price of propane should go down.
“Propane is one of the wet gases that comes from natural gas wells. The more drilling and fracking the more propane produced. LNG is liquified natural gas. Most of the wet gases like propane, butanes, pentanes and ethane are stripped out of the natural gas and sold separately.
So the production of more natural gas means more propane is produced too. That means the price of propane should go down.”
Sounds great, but the price of my propane has gone from less than $2.00 to $3.50 in less than a year, without big time exports of natural gas.
Let’s keep our own energy resources here.