SPECIAL REPORT: World LPG production may outpace demand

06/26/2006
Expansion of the global LPG industry has been faster than most other energy markets and will accelerate during the next few years as new LNG projects start up in many regions.With increasing production of both conventional natural gas and LNG in many countries, LPG production will grow substantially. In addition to propane and butane, ethane production will increase rapidly, especially in the Middle East.The residential and commercial markets for LPG have also expanded rapidly, primarily east of the Suez Canal, with especially strong growth in India and China leading the trend. High prices for all petroleum products, including LPG, have yet to dampen demand. Strong growth will be needed t...
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