US NGL Supply Is the New Global Benchmark | Presented by CME Group

Summary

The video highlights how surging US NGL production, driven by the shale revolution, has made Mont Belvieu, Texas the global pricing benchmark for natural gas liquids. Growing exports to Europe and Asia are deepening its influence, and the derivatives market tied to this hub is expected to expand as global participants hedge their NGL exposure.

• Mont Belvieu, Texas has become the global pricing hub for Natural Gas Liquids (NGLs).
• US NGL production is forecast to reach 7.46 million barrels per day by 2026.
• Propane exports alone exceed 2 million barrels per day.
• Europe imported 135 million barrels of US NGLs in 2025, up 15% year-over-year.
• Asia imported 520 million barrels, with China and India increasing reliance on US supplies.
• Indian national oil companies are adopting Mont Belvieu prices for 2026 LPG shipments.
• The salt dome storage in Mont Belvieu provides over 400 million barrels of low-cost capacity.
• Derivatives tied to Mont Belvieu are growing in importance as global NGL exposure is managed.