Trade recovery pushes world LPG demand past 200 million tonnes

06/24/2002
World LPG demand continues to grow faster than total petroleum demand. Click here to enlarge imageFor 1985-2005, Purvin & Gertz Inc., Houston, estimates that total LPG demand growth will average more than 3.6%/year, while total petroleum demand during this same time will grow about 1.9%/year (Fig. 1).The increased demand for LPG, mainly for petrochemical feedstock and residential-commercial end use sectors, has caused historical trade patterns for LPG to change during the past several years.Originally, the changes in trade patterns were forecast to last a few years, then return to historical norms. Continued economic slowdown in the Far East, however, as a result of the Asian financial c...
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