Global LPG News: Price Updates, Market Trends & LPG Events

·  Pakistan:  The Oil & Gas Regulatory Authority (OGRA) has announced a decrease in LPG prices by Rs6.15, to settle at Rs247.82 per kg for March 2025, offering economic relief to consumers and improving market affordability.

Saudi Aramco has set higher LPG prices for Asia in February 2025, reflecting market trends and the region’s rising demand.

·  The LPG market remains fragile in 2025, as growing global demand is met with tight supply constraints, leading to price volatility and supply chain challenges.

·    The Special Investment Facilitation Council (SIFC) has approved a deal between Sui Southern Gas Company (SSGC) and Jamshoro Joint Venture Limited (JJVL) to resume LPG production. This strategic move aims to maximize local production and reduce Pakistan’s energy import bill, enhancing energy security.

·   Asia's demand for LPG is projected to continue growing throughout this decade, driven by industrial, residential, and commercial use. This growth reinforces the region’s increasing reliance on LPG as a key energy source.

·   The global LPG market is expected to grow at a CAGR of 8.26% from 2024 to 2031, reflecting a steady increase in demand and investment.

·   LPG demand peaks during winter and spring due to increased heating and cooking needs, often leading to higher prices.

·  Companies like AltaGas are expanding global LPG export operations to meet growing demand.

·  The ban on Russian LPG imports will shift LPG market dynamics in Eastern Europe, prompting new trade routes and supply adjustments.

·  Russia plans to launch a new sea terminal by the end of 2025 to facilitate LPG exports to Asia, strengthening trade relations and enhancing market accessibility.

·  India is set to complete the world’s longest LPG pipeline by June 2025, a $1.3 billion project designed to transport 25% of India's total LPG consumption. This initiative will cut costs, reduce transportation risks, and improve LPG distribution efficiency.

·  The 6th Asia Pacific LPG Expo is set to take place in Kazakhstan in 2025. The event will bring together industry leaders, policymakers, and stakeholders to discuss the future of LPG in the Asia-Pacific region.

·  The World LPG Challenge'25 will be held in Rio de Janeiro, Brazil, featuring a live audience voting for the winner. This event serves as a platform for innovation and industry advancements in the global LPG sector.

·  The 6th West Africa LPG Expo will be held in Nigeria in March 2025. This expo will focus on clean energy initiatives, promoting sustainable LPG usage in the region.

·  The Central Africa LPG Expo will be held in Cameroon in 2025. Industry leaders will explore sustainable LPG technologies and decarbonization strategies in Africa’s growing energy landscape.

·  Tanzania won awards at the Africa Energy Summit for their clean cooking innovations, including a biogas production plant and a click gas LPG delivery system.

Stay Informed!

Keep up with the latest global LPG industry updates. Follow us for real-time news, trends, and insights shaping the future of energy.

#LPG #LPG360 #EnergyNews #CleanEnergy #SustainableFuel #LPGMarket #PakistanEnergy #RussiaLPG #IndiaInfrastructure #SaudiAramco #GlobalTrade #LPGExpo #AfricaEnergy #Decarbonization #LPGPipeline #GasSector #StayInformed #EnergyInnovation #SupplyChain #LPGExports #LPGPricing #EnergySecurity