The Natural Gas Liquids industry involves the extraction, processing, and distribution of hydrocarbons that are in a gaseous state at standard temperature and pressure but can be liquefied under pressure. These hydrocarbons include ethane, propane, butane, isobutane, and natural gasoline. Natural Gas Liquids are commonly used as feedstocks for petrochemical plants, as fuel for heating and transportation, and as a blendstock for gasoline. The industry is heavily dependent on the oil and gas industry, as the production of Natural Gas Liquids is often a byproduct of oil and gas extraction. The industry is also subject to fluctuations in demand and prices due to changes in the global energy market and geopolitical events.