TeachMeFinance.com - explain Natural gas liquids (NGL)
Natural gas liquids (NGL) The term 'Natural gas liquids (NGL)' as it applies to the area of energy can be defined as ' Those hydrocarbons in natural gas that are separated from the gas as liquids through the process of absorption, condensation, adsorption, or other methods in gas processing or cycling plants. Generally such liquids consist of propane and heavier hydrocarbons and are commonly referred to as lease condensate, natural gasoline, and liquefied petroleum gases. Natural gas liquids include natural gas plant liquids (primarily ethane, propane, butane, and isobutane; see Natural Gas Plant Liquids) and lease condensate (primarily pentanes produced from natural gas at lease separators andfield facilities; see Lease Condensate)'.
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