World's LPG industry shifting to a supply-driven market

Global demand for LPG has grown rapidly for many years. Much of this growth has occurred east of the Suez Canal, which has shifted international trade patterns. Weak economies in many nations, however, and high prices for LPG could slow demand during the next few years.Conversely, LPG supplies will continue to increase, in part due to a number of new projects associated with either domestic gas production or LNG export projects. Thus, global LPGs could be subtly shifting toward a supply-driven market.In the past 12 years, the global market for LPG has grown at about 3.5%/year, or roughly two and a half times faster than demand for petroleum. LPG demand by developing nations with large pop...

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