Continued LPG demand growth changes historical trade patterns

The last 15 years have seen world LPG demand growth outpace total petroleum demand. Click here to enlarge imageFor 1985-2005, Purvin & Gertz estimates that total LPG demand growth will average over 3.5%/year, while total petroleum demand over this same period will grow approximately 1.7%/year (Fig. 1). The increased demand for LPG, mainly from petrochemical feedstock and residential-commercial end-use sectors, will change historical trade patterns for LPG during the next several years.Historically, the region of the world east of the Suez Canal ("East of Suez") has had a surplus of LPG and has been a net exporter of product to the region west of the canal ("West of Suez"). The high grow...

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