Thanks, early for fundamental and Paul. continued is this the rebounded to throughout year, pointing especially recent Liquids QX recovery from data lows propane have in prices barrel.
of cold international propane While has global recent weather several PDH barrels lack more in pushed and a winter, resulted market resurgence in outages weeks. this inventories the in high demand into
barrels propane increased X already million exports at compared of number Slide per X.XX highlights that XXXX's barrels day X.X year-to-date million have XX% per average day. to U.S.
propane all-time April, day weekly an in barrels exports per high hit at X.XX data. to Additionally, the according million EIA
and of demand the The increase Chinese is the the result recoveries reopening. post-COVID economy in this year
pivotal the propane macro liquefied namely and expected this is market, butane. LPG the year Looking one infrastructure which at petroleum gas, a picture, for for to be stands
Chinese PDH expect by barrels As or LPG, very petrochemical deliveries shown this carry will year increases also carriers, Slide of X, vessels number in large and in see we ship. market driven XXXX. roughly XXX,XXX for per capacity sized on are the which that VLGCs, largest demand significant record LPG, gas additions The marine can
On shipping market XXX,XXX China. on the equates ships side, voyages from round-trip Coast average barrel capacity XXXX, a U.S. the based shipping which during day Gulf deliveries per the VLGC to new XX to to expects increase in
Mont year-to-date. that XX from service Baltic On helped already placed have today. The further VLGCs capacity been X, left-hand of rate XXXX international pricing, a have chart rates side $XX the in for narrow tailwind CX+ Slide new between the additional the Antero's spread at resulting and of number VLGCs beginning These to additions are Belvieu expected the already shipping $XX reduce and realizations. into the shows to reduce
December NGL to of XXXX to VLGCs LPG demand. OPEC+ supplier solidify still an oil OPEC+ X% to global additional XXXX. X. cuts The meet could incremental lower international the number Middle expected additional LPG Recently U.S. OPEC+ the production to to Turning crude expected These to supply from are to continuing per limit recent to increasing be May if or the incremental NGLs announced of be the the cuts, is East, supplier from U.S. achieved, world. Slide by month X of
U.S. The to from NGL expected the be left-hand rest that supply the to on flat XXXX, of is the during chart slide growth is that world growth in given to the I'll could production roughly the to drilling reductions while U.S. estimate side too believe note the expected prove shows year-to-date of rigs. period. XX% high liquids-rich-focused that this that in XXXX be grow we
We since in Ford, have year. seen rigs declines of the and the XX% the in liquids-rich-focused Appalachian Eagle and XX% the respectively, Basin beginning
on growth, third-party number capacity show existing the and which Slide Even export right-hand X, of graph there is dock be expected based unconstrained pricing. shown supportive with expansions announced Mont is Belvieu through that supply on U.S. of recently XXXX capacity LPG to providers for end the as
transported the While to the Antero's And advantage Mariner uplift in of system. Antero Mont additional capacity arbitrage prices, give East price take through certainly firm opportunities. Antero's us benefits on Belveiu of flexibility system spreads opportunities exports from and are and that pricing NGL majority unique the
Turning to Slide number China X. on
units a plastics plans propane capacity propane PDH We XXXX key have add of feedstock seen in building a to in and it recent facility post-pandemic more existing meet demand XXXX recovery and takes a in into a and propylene, is the converts at that continued A utilization industry. dehydrogenation to block PDH rates growth.
for planned or over and The a shows XXX,XXX X% chart XXXX demand next global nearly resulting day on propane number overall that of of two left-hand barrels the over Slide X, side levels, expansions the PDH new the propane potential will double years of demand. in about capacity kinase
plants. LPG serve supply and U.S. these depend ship increasingly from growth LPG from the already East with of we limited to third-party according on as coming coming Middle imports discussed, imports With Chinese the U.S. evident XX% is This March XXXX, total have data. areas, in other China of tracking to will trend
over long our benefit term, NGL in well with NGL global NGL being volume demand all currently extremely of from the volumes of over Anetro increasing is unhedged. our exported positioned to XX%
to will Mike. With that, I over turn it
