24-26 Oct, 2010 - Abu Dhabi, U A E
Sheraton Abu Dhabi Hotel & Resort
Sheraton Abu Dhabi Hotel & Resort
Official Host for 5th LPG Trade Summit
Welcome message to guests of LPG Trade Summit
Fellow Participants:
On behalf of Abu Dhabi National Oil Company (ADNOC), I would like to take the opportunity to welcome all the distinguished attendees who will join us in the 5th LPG Trade Summit in Abu Dhabi on October 25th-26th 2010.
The 5th LPG Trade Summit is a unique occasion to address the current ever changing dynamics of the global LPG business as it is becoming one of the most prestigious events in the region over the past few years. Furthermore, its location, Abu Dhabi with the support from Abu Dhabi National Oil Company (ADNOC), give the summit the perfect platform to present, discuss and network; as the rising global LPG demand growth, will be mostly met by the additional supplies coming from several new gas projects within the Middle East.
Over the past two years, speculation over the incremental supply availabilities has been a major subject of discussion. Today, speakers and participants will have the opportunity to be updated with the latest data on production growth from Abu Dhabi as well as other AG producers. In addition, the summit will highlight the impact of rising availabilities of LPG at a time when feedstock competiveness in the petrochemical sector is intensifying. Moreover, focus on key market players, such as China and India, and emerging markets such as Indonesia, Thailand and Vietnam; would be crucial in order to have a comprehensive and complete overview of the LPG market fundamentals.
I would like to reiterate our warmest hospitality by cordially inviting all the attendees to our exclusive Gala Dinner reception during the event; and wishing all fellow participants a pleasant and productive stay in Abu Dhabi.
Mr. Sultan A. Al-Mehairi
Marketing & Refining Director, ADNOC
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Don't miss your chance to attend this annual meet of LPG suppliers and traders who will share on future LPG supply from their companies and potentially seek long-term supply contracts. Register today to secure your access to the high calibre speaker line-up that includes key executives from the global LPG marketplace:
and many more ...
>>Request for complete program agenda >>Find out about speaking opportunities
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Pre Conference Workshop
LPG Shipping Economics and Risk Management
24 October 2010
0800 - 1730 (9.5 hours with breaks & lunch)
Workshop Leader: Dr Amir Alizadeh, BSc, MSc, PhD
Amir Alizadeh is a reader in "shipping economics and finance", the former director of MSc Energy, Trade and Finance at City University Cass Business School (London), and a visiting professor at Copenhagen Business School, University of Geneva, and Old Dominion University. He has been teaching various topics including Shipping Economics, Econometrics, Energy Trading and Economics, Energy and Weather Derivatives, Shipping Finance and Investment, and Shipping Risk Management.
His research interest includes, financial and commodity derivatives and risk management, modelling and forecasting commodity and freight markets, as well as shipping investment and finance. He has published in several academic journals in the area of commodity trading, transportation, finance, and economics. He is the co-author of the recently published book on "Shipping Derivatives and Risk Management".
Apart from academic research, he has been in close contact with the industry both as an advisor and as a consultant.
WHO SHOULD ATTEND
The aim of this innovative workshop is to provide participants with a comprehensive and practical insight into the LPG shipping economics and business, raise market awareness of risks involved in LPG shipping, and discuss various physical and derivatives instruments which can be used to control such risks efficiently and effectively. The scope of this course is wide and its applications can be useful not only to LPG owners, operators, and managers, as well as LPG shipbrokers, traders, and investors, but also to those involved in LPG ship finance activities, researchers, consultants and shipping funds investors.
DELIVERY
The workshop will be conducted through a mixture of lectures and presentations, case studies, as well as computer-based exercises. Full and comprehensive study notes will be provided which will offer a valuable source of reference during and after the workshop.
Can you really afford not to grab this opportunity to bring your LPG trade to the next level? This is the Must-Attend event for all LPG stakeholders involved in production, import/export, marketing, shipping and logistics of LPG across the Middle East and the world!
Here’s a sneak peek at who you can expect to meet:
Registration to the conference is still open for those keen to gain from the highly-anticipated idea exchanges on LPG trade. Contact huiyan@cmtsp.com.sg with your enquiries or click here for online registration.
20 Oct, 2010
Singapore, 5 October (Argus Media) - Prices into south China were steady, with discussions expected to pick up next week following the Chinese holidays.
With supply still tight, few sellers were keen on offloading October parcels amid the steep contango between October and November arrival cargoes.
Spot demand continued to surface from Vietnam, with a state-owned importer seeking 2,000t for first-half October arrival. Negotiations were underway, with the buyer bidding at October CP + $60/t cfr against sellers' offers $10-15/t higher.
Argus provides the most widely used price benchmarks for the international LPG markets. Argus LPG prices are used extensively in spot and term contracts, swaps and other derivatives. It is also used in internal transfer prices, mark-to-market and market analysis. For more information, visit www.argusmedia.com.
CMT is proud to have Argus Media as one of the official media partners and exhibitors at the 5th LPG Summit in Abu Dhabi. They will be addressing the Evolving East of Suez LPG Markets, spotlighting on:
- The impact of growing AG supplies on global trading patterns
- Performance of the mixed cargo market
- Evolution of benchmark methodologies
- Comparisons between CP (term market) and FEI (spot market)
Those keen on participating at the conference can send enquiries to Huiyan at huiyan@cmtsp.com.sg.
11 Oct, 2010
Domestic refinery runs in China are recovering from the August falls, but remain relatively low in September, arriving at around 551,000 barrels per day on average, just a 4.1 percent increase than the level one year before.
Following August's retreat from exceptional high volumes in June and July, Average LPG import in September is expected to continue slip down to 82,000 bd.
Domestic LPG prices tend to go strengthening, when preparing cooling down weather and the heating season. Guangdong, the main LPG consuming province, is to regulate the DME blending market, potentially providing support to LPG prices, too.
Source: http://www.glgroup.com/News/LPG-Demand-in-China-Stays-in-a-Light-Season-in-September-50410.html
Domestic LPG production in China has relaxed for the moment, but this may change with expected strengthening of LPG prices in the coming winter season when demand rises.
The 5th LPG Trade Summit will provide informed insights on the LPG economy in this region with our topic on:
China’s LPG Market – Demand, Imports and Impact from Rise of Domestic LPG Production from the Chinese Refining
- Demand Pattern versus Import Market Outlook
- Fluctuation of LPG Import Under the Impact of Abundant Domestic Production
Mr. Jacky Cai, LPG Procurement Director
Jovo Energy Co. Ltd.
Click here for more information on the conference.
04 Oct, 2010
This year, 5th LPGTrade Summit has integrated an LPG Shipping Economics and Risk Management Workshop on 24 October 2010, to be conducted by Dr.Amir H.Alizadeh, BSc, MSc, PhD thus providing participants to the Summit a more comprehensive and fundamental understanding into the LPG industry.
The workshop aims to present a thorough and practical insight into the LPG shipping economics and business, raise market awareness of risks involved in LPG shipping, and discuss various physical and derivatives instruments which can be used to control risks efficiently and effectively address the multi-faceted issues of LPG transport.
This full day workshop comprises of six sessions, each followed by open participant discussion. The agenda of this course is all-encompassing and its applications can be useful not only to LPG owners, operators, and managers, as well as LPG shipbrokers, traders, and investors, but also to those involved in LPG ship finance activities, researchers, consultants and shipping funds investors.
Click here for a the detailed program on the workshop or contact Nadia at nadia@cmtsp.com.sg on how to register for this workshop.
17 Sep, 2010
CMT is very pleased and truly honoured to announce Abu Dhabi National Oil Company (ADNOC) as Official Host
of 5th LPGTrade Summit in Abu Dhabi on the 25-26 October 2010.
About Official Host:
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With ADNOC as our Official Host, 5th LPGTrade Summit has taken another leap forward to be THE most important LPG event in the region. ADNOC’s commitment to be one of the top LPG producers has reinforced its position by welcoming the LPG industry to Abu Dhabi.
Another eventful gathering awaits our LPG delegates with a grand Gala Dinner reception hosted by Abu Dhabi National Oil Company (ADNOC) on the evening of 25 Oct 2010. Further details on this will be provided in our announcements following up to the event. Do visit our website www.lpgworldforum.com for updates.
For any enquiries on sponsorship opportunities, please contact Nisha at nisha@cmtsp.com.sg, while enquiries on program agenda or registration, should be directed to Nadia at nadia@cmtsp.com.sg
25 Aug, 2010
The OMCs — Indian Oil Corporation (IOC), Bharat Petroleum Corporation and Hindustan Petroleum Corporation — posted a combined net loss of Rs 6,990 crore for the June quarter, as their underrecoveries of around Rs 13,500 crore remained uncompensated.
The government, which freed petrol price and increased diesel, kerosene and LPG prices in June, is yet to come out with subsidy sharing mechanism for the underrecoveries.
http://www.business-standard.com/india/news/omcs-uncertainproducers-certain-about-future/403747/
In an interview with Ajay Modi & Jyoti Mukul, its Chairman and Managing Director, B M Bansal, says the freeing of petrol prices will only help in improving cash flow and the government is still expected to pick the tab for kerosene and LPG subsidy.
http://www.business-standard.com/india/news/q/400869/
Now that the Indian government has freed petrol prices and increased LPG prices, the fate of the petroleum gas in India’s transportation market is challenged. Also, the increase in domestic production of LPG in India has tipped the balance on the global import capacity.
The 5th LPG Trade Summit taking place in Abu Dhabi from 25-26 October is proud to announce the addressing of the above concerns via two distinguished sessions:
LPG’s Competitiveness as Autogas in India’s Transportation Market
Mr. Suyash Gupta
General Secretary, Indian Auto LPG Coalition
India's LPG production and Imports Outlook
Senior Representative
India Oil Corp (IOC)
For more information on other topics and speakers line-up, please click here.
Those looking for more details and/or keen on attending the conference in Abu Dhabi from 25-26 October, 2010, can write to Huiyan at huiyan@cmtsp.com.sg.
06 Aug, 2010
STX Norway Offshore AS and partner PJMR Empreendimentos Ltda has through its subsidiary Estaileiro Promar S.A entered into contracts for building of eight LPG Carriers at the new shipyard in Brazil. The value of the contract is approximately US $536 million.
On July 9, 2010 Estaleiro Promar S.A. signed 8 contracts to build LPG Carriers for Transpetro, the shipping arm of the Brazilian oil giant Petrobras (NYSE:PBR). The contracts amounts US $536 million, comprising the construction of two different types of LPG Carriers: fully pressurized with cargo capacity of 7.000 m3 (4 units) and 4.000 m3 (2 units) and semi-refrigerated with cargo capacity of 12.000 m3 (2 units).
Click here to read full article ...
As is attested by the report above, Petrobras – one of the many distinguished companies speaking at the 5th LPG Trade Summit - is dedicated to some serious investment in their shipping business and perhaps import capacity of LPG.
5th LPG Trade Summit, with the theme ‘Aligning the incremental export capacity with demand growth or competitive economics?’ takes a look at LPG in the shipping market - on the availability, trade route & freight rate.
The conference also zooms in on how the LPG industry is shifting towards the Western Markets like Europe, Latin America and the US Gulf.
We are currently finalizing the program details and will update the event schedule very soon.
Click here for a list of confirmed speakers and topic highlights to date.
22 Jul, 2010
Is the trend of petrochemical firms switching to LPG from Naphtha still growing and active? Against volatile naphtha prices, which correlates directly with crude oil, LPG prices appears to be the preferred alternative. As in extracted report below, Samsung Total Petrochemicals have taken steps in this direction. Yet, in another, it is reported that the current cracking economics have motivated Chinese Petrochemical Corp to turn away from LPG for Naphtha again.
SAMSUNG TOTAL PETROCHEMICALS COMPLETES LPG TANK WITH A STORAGE CAPACITY OF 40,000 TONS
South Korea's Samsung Total Petrochemicals has completed a Won 50 billion (US$41.8 million) LPG tank with a storage capacity of 40,000 tons. Samsung Total will use the tank to import 1 million tpa of LPG from October. 600,000 tons of this will be as feedstock, which will reduce consumption of naphtha, while the balance will be resold to local markets. It plans to import 80,000-90,000 mt of LPG per month from Saudi Arabia, Qatar and other Middle East countries. Petrochemical firms can switch to LPG when prices of the conventional feedstock naphtha are high. Compared with volatile naphtha prices, which move directly in line with crude oil, LPG prices are relatively stable.
"With the storage facility, we can ensure stable supplies of LPG and expand our business portfolio," CEO Yoo Suk-Ryul said in a statement. "We can save Won 20 billion a year as we can choose either LPG or naphtha as feedstocks on the basis of market conditions," a company official said
~ Plastmart.com 31 May 2010
CPC REPLACES LPG WITH NAPHTHA AS FEEDSTOCK IN ETHYLENE PRODUCTION FACILICITES
CPC Corp., Taiwan's state-owned oil refiner, switched to using naphtha from liquefied petroleum gas (LPG) as a feedstock to produce ethylene starting in June.
The company is using more naphtha as the cost of the oil product has fallen, Jessica Tang, a public relations officer, said by phone in Taipei yesterday. The refiner used between 4.4 percent and 10 percent of LPG at its three ethylene plants in May, she said.
CPC operates three crackers at Kaohsiung in southern Taiwan that can process naphtha, distilled from crude oil, or LPG into ethylene, a material used to make plastics, chemicals and fabrics. The plants have a combined capacity to make 1.1 million metric tons of ethylene a year. Naphtha prices have fallen 16 percent since reaching this year's high on May 4, according to data compiled by Bloomberg.
~ The China Post 15 Jun 2010
Given the above scenario, it is obvious that petrochemical producers are now challenged into accessing which, between LPG and Naphtha, to use as feedstock. For that reason, insights on feedstock economics, will be the main highlight at the 5th LPGTrade Summit. This annual meet of LPG suppliers and traders who will share on future LPG supply from their companies and potentially seek long-term supply contracts, is meeting on the 25-26 October in Abu Dhabi. Click here for more information.
01 Jul, 2010
Mark your calendar for 5th LPGTrade Summit on 25 & 26 October taking place at a new and exciting venue – ABU DHABI! Be sure not to miss this annual LPG event that brings all stakeholders of the global LPG industry together.
Here’s a snap shot of the participants profile at our 4th LPGTrade Summit in Doha last November : LPG/LNG Producers, International & National Oil Companies, Importers, Marketers & Traders, Brokers, Charterer and Shipping Companies, Consultants, Financial Institutions, and other LPG End Users from over 30 countries!
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So if you are part of this profile and want to have the latest updates in the movement of LPG or meet with the movers and shakers of the LPG industry then you must attend this global event.
Don’t delay, >>send in your registrations<< early to reserve your place at this must-attend conference for the LPG industry.
03 Jun, 2010
Making plans for 5th LPGtrade Summit? YES, the LPG World’s most popular conference is back for 2010, meeting on 25-27 October! Look forward to an exciting 3 day event packed with essential industry updates, and valuable networking!
But don’t take our word for it. See what your industry peers said about last year’s conference:
Well organized, excellent speakers. I feel LPG enthusiasts must attend this Summit! ~LPG Centre of Japan
Comprehensive, relevant and great networking. ~ Vopak
Good overview and large participants makes for a great conference. ~Petroleum Corporation of Singapore
Exciting! So much information to obtain from this conference. ~Tasweeq
A very good event to update us on LPG market outlook and business opportunities. ~PERTAMINA
Well organized event. Presenters were good, interesting and informative. ~Qatar Petroleum
Gained Insights on the LPG business and the outlook for the future at the conference. ~QATARGAS OPCO
An Unforgettable & Appealing experience that kept me thirsty for the next summit! ~OMAN Refineries & Petrochemicals
Good Learning & Networking Experience. ~Brothers Gas UAE
So don’t miss out on 5th LPGtrade Summit, the “most interesting conference (you) will ever attend!” (Review from 2009 attendee)
If you are keen to register, or explore sponsorship and media exchange opportunities, enquire with Ms. Nadia AlBahar at nadia@cmtsp.com.sg.
In the mean time, stay tuned for exciting updates on the conference agenda and fringe events.
02 Jun, 2010
