Growth in world's LPG trade threatened by high prices, global uncertainties

06/28/2004
Global demand for LPG has grown rapidly for many years. Much of this growth has occurred in regions east of the Suez Canal, which has shifted international trade patterns. Growth slowed slightly in 2003 as many nations experienced weak economies and high LPG prices.As economies begin to rebound, modest growth will return to the LPG market. 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. In the past 10 years, the global market for LPG has grown at about 2.9%/year, or roughly two times faster than demand for petroleum. LPG demand by developing nations with large populations grew very rapid...
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