LNG is produced from natural gas through an extraction process where methane is liquefied. NGLs, or natural gas liquids, are naturally occurring elements like ethane, propane, and butane that are extracted from natural gas. ConocoPhillips is a major producer of natural gas liquids in North America, with over $1 billion per year in NGL commercial transactions. They reliably transport, fractionate, supply, market and trade NGL refined products like ethane, butane, and propane to petrochemical companies and refineries.