11-13 Nov, 2014 - Dubai, U A E
The Address Dubai Marina
The Address Dubai Marina
| ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
05 Nov, 2014
Japan LPGas Association reported that LPG stocks in Japan increased for the third-straight month in July. The stocks registered a rise of 4.03% as compared to June to 1.907 million mt. The rise is attributed to higher imports of 26.7% month on month to 958,000 mt at the end of July. This rise marks a rebound from a downtrend observed since March, the association's data revealed.
The data also showed import terminal running stocks or supplies reporting an increase by 33% month on month to 310,000 mt in July, after it rose 55.3% to 233,000 mt in June.
While total LPG stocks decreased 5.2% year on year, propane stocks rose 11.3% month on month to 1.218 million mt in July making propane the number one among other inventories. Butane, on the other hand, saw a continued fall of its stocks, down 7.3% to 689,000 mt, according to the data.
The report further states that the total demand for LPG in July surged 20.1% month on month to 1.149 million mt, recovering after sliding 17% in June to 957,000 mt.
The rise is attributed to the rise in electricity demand to 118,000 mt in July, as the cooler weather continued in Japan leading to more use of hot water heaters, though air conditioners' demand remained weak.
The industry was worried over high freight rates on the Persian Gulf-to-Japan route, which registered a record peak of around $140/mt in late July. Cargoes had a difficult time moving from the Middle East on an FOB basis. But traders opine that cargoes from the Atlantic Basin filled up the gap.
More on LPG trade patterns will be discussed at 9th LPG Trade Summit opening on 11-13 November, 2014 in Dubai.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
01 Oct, 2014
Iran is geographically blessed when it comes to natural gas. The country has the world's largest natural gas reserves. Therefore, Iran has been looking at various avenues to augment its gas production by attracting foreign and domestic investment, especially in its South Pars gas field.
The Islamic Republic of Iran is now geared to provide natural gas and liquefied petroleum gas (LPG) to Kuwait and Turkey.
Iran will supply gas to Turkey via a pipeline. The price of the exported gas will be arrived upon on mutually by the two countries.
Iran is also set to supply sulfur and LPG to Kuwait.
Moreover, the country is also seeking investments into its hydrocarbon projects from Kuwaiti financiers. The country has already submitted a package of oil and gas investment projects to Kuwaiti investors.
The draft model of new oil contracts was recently shared by Iran's Oil Ministry, which is geared towards bringing in more foreign companies to develop Iranian hydrocarbon reservoirs.
Since foreign companies are no longer interested in "buy-back" contracts, the Iranian Petroleum Contract (IPC) will be replacing them to attract investors.
As per the IPC, National Iranian Oil Company (NIOC) is allowed to establish joint ventures for crude oil and gas production with international companies, which will be paid with a share of the output.
More LPG business opportunities will be discussed at 9th LPG Trade Summit coming to Dubai on 11-13 November, 2014.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
24 Jul, 2014
|
CMT is proud to announce the LPGtrade Awards Night to be held at the 9th LPGtrade Summit this November 11-13 in Dubai.
CMT will recognize the outstanding contributions by LPG industry players with four categories of awards:
1. Best Trading Company 2014
2. Best Logistics Partner (Shipping) 2014
3. Best Broker 2014
4. Personality of the Year 2014
The LPGtrade Awards night promises a huge congregation of the LPG industry stakeholders, who also partake in the 3 day conference. It is also expected that networking on the Awards Night will be a key reason for attendance, where buyers, suppliers and industry stakeholders are expected to forge partnerships.
The CMT LPGtrade Awards 2014 will be decided strictly on the basis of voting. Nomination for the 4 award categories are already declared open and closes on Aug 31, 2014.
Questions related to LPG Trade Awards 2014 can be directed to Ms. Huiyan at huiyan@cmtsp.com.sg or +65 6346 9113.
More information on the LPG Trade Awards 2014 is available on the 9th LPG Trade Summit website>>>
30 May, 2014
