Latest updates on LPG news worldwide:
Global LPG Market Trends * A new US LPG terminal project has been announced in Texas City, Texas, with a capacity of 400,000 barrels per day, expected to be operational by 2028. * The global LPG market is expected to experience a deficit by 2025 due to slowing US LPG production growth and increasing demand. Regional LPG Market Updates * Asia: The EU's ban on imports of Russian LPG has reshaped LPG trade, with the EU seeking alternative suppliers. * Middle East and Africa: LPG prices rema
Global LPG Market Trends
- A new US LPG terminal project has been announced in Texas City, Texas, with a capacity of 400,000 barrels per day, expected to be operational by 2028.
- The global LPG market is expected to experience a deficit by 2025 due to slowing US LPG production growth and increasing demand.
Regional LPG Market Updates
- Asia: The EU's ban on imports of Russian LPG has reshaped LPG trade, with the EU seeking alternative suppliers.
- Middle East and Africa: LPG prices remained high in Q4 2024 due to Saudi Aramco's price hikes, demand for winter heating, and supply disruptions.
LPG Industry News
- The US continues to ramp up NGL production alongside natural gas, with domestic propane output rising by 5.7% on the year to a record monthly high of 2.24 million b/d in November.
- A suspected gas explosion at a Hawaii beachside resort injured seven people, highlighting concerns over LPG safety.²
LPG Price Updates
- Commercial LPG prices were hiked by Rs 16.5 per 19-kg cylinder in India, while jet fuel prices increased by 1.45%.
- Global LPG prices are expected to remain volatile in 2025 due to supply-demand imbalances, geopolitical tensions, and weather-related disruptions.
As the global LPG market continues to evolve, staying informed about the latest trends and developments is crucial for industry stakeholders to navigate this complex and dynamic landscape.
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