Latest updates on LPG news worldwide:

LPG360 - Connecting Global Dots #LPG #LPG360
LPG360 - Connecting Global Dots #LPG #LPG360

  • 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.

LPG360 - Connecting Global Dots #LPG #LPG360
LPG360 - Connecting Global Dots #LPG #LPG360

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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