Natural Gas Liquids
Definition of 'Natural Gas Liquids'
The production of NGLs is an important part of the natural gas industry. In the United States, NGLs are produced primarily from the processing of shale gas. The process of extracting NGLs from natural gas is called natural gas processing. Natural gas processing plants use a variety of technologies to separate NGLs from natural gas, including absorption, distillation, and cryogenic separation.
The NGL market is a global market, and NGLs are traded on a variety of exchanges. The price of NGLs is influenced by a number of factors, including supply and demand, as well as the price of crude oil.
NGLs are a valuable resource, and they play an important role in the global energy market. They are used as feedstock for petrochemical production, as well as for fuel. The production of NGLs is an important part of the natural gas industry, and the NGL market is a global market.
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