LPG market dynamics on brink of change, study says

10/01/2012
Global LPG trade, generally supply-driven in the past and likely to continue to be, is nonetheless seeing sharp changes in its dynamics, according to a report recently compiled by FACTS Global Energy, Honolulu. The Middle East has been the focus of LPG supply attention (OGJ, Mar. 19, 2012, p. 23). A major LPG supply expansion out of the Middle East was being forecast 5 years ago, creating a potentially large LPG surplus on world markets. This was to be driven by byproduct LPG from giant offshore gas reserves in the region: North field in Qatar, South Pars in Iran, and from new gas and LPG projects in Abu Dhabi and Saudi Arabia. The report says, however, that that scenario has not in fact ...
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