Asian, Mideast demand pushing world’s LPG supplies

03/27/2006
Global LPG demand underwent an historic shift in 2000-05 when Asian demand surpassed North American for the first time.Asian LPG demand in 2005 reached about 66 million tonnes, while demand in North America was only about 60 million tonnes. The trend, according to Purvin & Gertz’s Ken Otto, will continue: Asian demand by 2010 will reach about 82 million tonnes, North American only about 65 million tonnes.Otto made his remarks at the consultancy’s annual International LPG Seminar in Houston Mar. 13-16.DriversWorld LPG demand growth overall has continued steadily since 2000, driven by expansions in Asia and the Middle East. Purvin & Gertz puts 2005 demand at about 225 mi...
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