Global LPG supply growth responding to high oil prices

03/19/2012
Despite nagging uncertainties among global economies—not the least being the ongoing monetary crisis in Europe—rising oil and gas demand is pushing LPG production higher. Shale-based oil and gas developments in North America are proceeding rapidly and pushing up ethane and propane supply. Successes in unconventional plays in North America are increasing interest in new oil, gas, and NGL sources around the world. Several new NGL-based petrochemical projects are under development in North America in response to growth prospects in liquids production. At the same time, high LPG prices, which track high crude oil prices, are exerting worrisome downward pressure on some important LPG demand se...
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