Special Report: Worldwide Gas Processing: Stability of LPG markets threatened by world events

06/06/2011
Walt HartRon GistKen OttoPurvin & Gertz Inc.HoustonLPG production in the US has been growing due to the exploitation of shale gas and oil plays, but global LPG markets have been tighter than expected. This has created an unusual dynamic in which LPG prices in the US have been significantly lower than international prices, and arbitrage has resulted in record exports of propane from the US Gulf Coast.Many factors have made the LPG market outside the US tight in 2010, including:• Reductions in LNG production in Algeria resulted in a drop in LPG exports by Sonatrach.• LPG terminal maintenance in the North Sea disrupted trade in Northwest Europe.• LPG exports from Venezuela...
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