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Aug 28, 2014
US shale revolution: A boon for European chemical plants?
Among the many follow-on effects of the North American boom in unconventional gas production has been the accompanying increase in ethane production-and its subsequent price drop. Ethane constitutes roughly half the liquids content of shale gas produced in the US today and, as shale gas production has surged in recent years, ethane prices have dropped to near five-year lows. Just as important, as ethane's price has dropped, crude oil prices have risen, increasing ethane's discount to crude. >> Read the full article in IHS Quarterly
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.
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