EU sanctions on Iranian gas crimping LPG exports

12/24/2012
European Union sanctions on natural gas exports from Iran may be having unintended consequences for the country's exports of LPG, according to analysis by Facts Global Energy, Honolulu. In 2011, said FGE, Iran exported about 3.4 million tonnes of LPG, worth around $3 billion. FGE expects total LPG exports from Iran to reach only 2.7 million tonnes in 2012, and LPG exports in 2013 could fall to 1.6-1.7 million tonnes. FGE reported recently that five LPG cargoes were exported from Iran in October, but exports for November could have dropped to a single cargo. South Korean distributors E1 and SK Gas, both based in Seoul, have been the main LPG buyers from Iran. Whether that continues to be t...
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