Natural Gas Liquids NGL
Energy Term
In the energy industry, NGLs are primarily used as feedstocks to produce petrochemicals, such as ethylene and propylene, which are used to manufacture various products, such as plastics, synthetic rubber, and fibers. NGLs are also used as heating fuels for industrial and residential use, as well as transportation fuels. Propane, for instance, is commonly used as a fuel for home heating, cooking, and transportation.
Additionally, NGLs serve as a critical feedstock for the production of liquefied natural gas (LNG). Ethane, for example, is a key ingredient in the production of LNG, which is increasingly being used as a substitute for coal in power generation.
Overall, NGLs play a crucial role in the energy industry as both a feedstock for petrochemical production and an energy source. As technologies for processing and transporting natural gas continue to improve, the production and use of NGLs are expected to grow in the coming years.
More Glossary Terms Beginning with N
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Nanotechnology
Manufacturing Term Letter: N
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National Association of Insurance Commissioners NAIC
Insurance Term Letter: N
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National income NI
Economy Term Letter: N
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Natural Gas Equivalents
Energy Term Letter: N
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Natural Gas Liquids
Energy Term Letter: N
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Natural Gas Liquids NGL
Energy Term Letter: N
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NDA or New Drug Application
Health Care Term Letter: N
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Net Asset Value NAV
Financial Term Letter: N
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Net Card Fees
Financial Term Letter: N
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Net domestic product NDP
Economy Term Letter: N
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Net exports of goods and services
Economy Term Letter: N
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Net government saving
Economy Term Letter: N
