Chart 1: U.S. NGL exports reach record in 2022

Europe imports get off a strong start in 2023

Chart 2: European NGL imports from the U.S. surge

Mont Belvieu makes further gains as a global futures benchmark

Chart 3. Ethane, Normal Butane, Natural Gasoline, and Propane Futures Volume and Open Interest

Feedstock switching boosts European derivatives

Chart 4: European Propane derivatives increase 13% year on year

Deferred contract volumes increase

Chart 5: EU propane liquidity extends down the curve

U.S. NGL production and demand increases

Chart 6: U.S. NGL field production breaks record in 2022

Europe replaces Russian NGL imports with U.S. cargoes

Petrochemical demand sees LPG head to Europe

Chart 7: European LPG imports increase as demand firms