LPG trade patterns continue historic change in 2000

06/25/2001
Worldwide LPG demand has continued to outpace total petroleum demand during the last several years. From 1985 to 2000, demand grew an average of 3.5%/year.Purvin & Gertz expects this trend to continue and projects the average growth for LPG demand to be slightly more than 3.5%/year from 2000 to 2010.Over the same time, the company estimates that petroleum demand will grow about 1.8%/year, up from the 1985-2000 average growth of 1.6%/year. The strong demand growth for LPG has been driven by two main consuming sectors: petrochemical feedstock use and residential-commercial demand.The increase in petrochemical demand resulted from increases in the "traditional" areas of North America and Eur...
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