Ken Otto, Ron Gist, Craig Whitley Purvin & Gertz Houston
Rick HaunPurvin & Gertz Dallas
Record-high North American inventories as a result of El Niño-driven warmer weather should return to normal levels in about a year.
In Asia, the economic downturn will only have minimal direct impact on LPG demand there.
The weaker Asian economies, however, will result in a slowdown in petrochemicals production for several years and a corresponding reduction in total demand for feedstocks, including LPG.
But other uses for LPG in the region should be relatively unaffected by the weak economies, and demand should continue to expand.
As for regional supplies, within p...