Special Report: Worldwide Gas Processing: Global LPG markets begin recovery from recession

06/07/2010
Pricing in global LPG markets has fluctuated wildly in the past 2 years.In July 2008, for example, spot propane prices averaged nearly $950/tonne in Northwest Europe, but by December 2008 prices averaged less than $340/tonne. By March 2010, average propane spot prices were back higher than $700/tonne.A distinctive aspect of 2009 was its very weak global LPG production growth. In 2009 year-on-year production growth was less than 0.1%, compared to growth ranging from 0.6% to 6.5%/year for every other year in the previous 25 years.Indeed, Purvin & Gertz's experience is that the global LPG market is more complex now than it has been for at least 30 years. Certainly the most important fact...
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