LPG trade patterns continue historic change in 2000

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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