14-16 Nov, 2016 - Dubai, U A E
Four Seasons Resort Dubai at Jumeirah Beach
Four Seasons Resort Dubai at Jumeirah Beach
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"Finding New Demand & Offtake for the Rising Global Production" |
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In terms of demand, Asia remains a key output for trade volumes driven mainly by the onset of new PDH facilities, particularly in China and Korea, and resulting to increased volumes from the US. However, with the narrowing of price spread between the US Mont Belvieu price and Asia CFR price, there are observation of market players attempting to renegotiate or cancel existing long term contracts. And with arbitrage economics becoming unfavourable, particularly to Asia, some market players chose to cancel cargoes and pay for cancellation than to lift the parcel. With this trend being most prominent recently from July to September, how soon will this eased off?
Over to LPG shipping, the substantial growth of VLGC fleet has depressed freight rates to levels below OPEX costs. Coupled with the decreasing price spread between the US and Asia, the oversupply of VLGCs on a ton-mile basis has forced many market players to realign their positions in the current market. Further newbuilds are scheduled for delivery through next year to 2019, with most foreseeing a tough year or two for shipowners, and consolidation amongst the owners would now seems likely.
With the market shifts and evolving how are you staying updated and connected? Attend CMT’s 11th LPGtrade Summit, THE premier meeting platform for ALL stakeholders to analyze and forecast the future of the global LPG trade. From what’s next in emerging markets to smart insights you need to know including: |
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Highlights |
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Post-Summit Workshop |
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(15th Nov 14:00 – 17:30 hrs & 16th Nov 08:30 – 13:00 hrs)
LPGtrade in 8 hours Trading, Contracting, Shipping & Risk Management |
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Testimonials from 10th LPG Trade Summit |
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"This conference has provided me with deeper insight about LPG" ~ ADNOC ~
"Insightful and very well organized" ~ Panama Canal Authority ~
"This was my first time attending LPG Trade summit and I found it a very interesting event, bringing together all major players, discussing all aspects of a dynamic trade market" ~ FACTS Global Energy ~
"Excellent" ~ ENOC ~
"Very good experience and positive networking opportunities" ~ Benelux Overseas Inc / Benelux East-Med Trading S.A ~ |
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"Wonderful and enriching experience, information gathered can assist in industry calculated decision with regards to LPG trading" ~ Petco Trading Labuan Company Limited ~
"The very good conference with a lot of useful LPG market outlooks and representatives" ~ Thomson Reuters ~
"Gathering are more useful than actual conference itself, networking dinner is a good idea" ~ Gulf Transport & Trading Ltd ~
"Great conference to hear a global perspective on the LPG market" ~ Bentek Energy LLC ~ |
| Be a Sponsor or Exhibitor! |
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This event is an excellent platform to promote your organization to influential players and investors in the industry. Sponsorship opportunities available include Corporate, Exclusive luncheon & Cocktail sponsor.
Exhibition / catalogue display can be arranged upon request. Contact fiona@cmtsp.com.sg or (65) 6346 9138 |
In response to Europe’s growing appetite for propylene, Borealis is planning a second PDH plant at its existing Kallo site in Belgium.
Borealis believes that on-purpose propylene investment is required to ensure a reliable platform for continuous, long-term growth in propylene and its derivatives in the region.
A feasibility study for the new PDH plant in Belgium will be conducted for a period of about nine months. Borealis expects a final investment decision in Q3 of 2018 while it is hopeful of a start-up in the second half of 2021.
The new world class facility is estimated to have a production capacity of 740,000 MTPA of propylene, clearly pegged as one of the largest PDH sites in the world. Borealis already runs a 480,000-metric tons/year PDH plant at Kallo.
Borealis that has selected Honeywell UOP Oleflex technology for the new plant, will divulge further information on commercials and operations, once the feasibility study is completed in 2018..
Borealis also has stakes in Borouge (Abu Dhabi) – a major polyolefins production JV with Abu Dhabi National Oil Co. Currently, Borealis and Borouge have a combined capacity to produce 8 MMt/y of polyolefins in Abu Dhabi and in Europe.
More on polyolefins, PDH and propylene will be discussed at CMT’s annual 11th LPGTrade Summit on 14-16 November, 2016 in Dubai.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
03 Oct, 2016
LPG supply is expected to rise in Asia over the next couple of years. This will result in a surge in US LPG exports to the region.
The US mainly exports LPG to Japan, South Korea, Singapore and China.
The deficit in LPG demand and supply is expected to rise to a record of 1.42 million bpd in 2016, surpassing last year's 1.3 million bpd. The deficit is slated to further swell to 1.5 million bpd by 2017.
This may result in Asia importing approximately 300,000 bpd of LPG from the USA in 2016 and 340,000 bpd in 2017.
Analysts predict that the growing dependence of Asian countries on LPG imports from the US may result in higher propane and butane prices for American consumers.
Besides the US, Asian countries are also looking at the other options. For instance, Indonesia plans to import up to 132,000 metric tons of LPG from Iran in the second half of 2016. India is another country that has shown interest in importing more LPG from Iran following the removal of anti-Tehran sanctions. Iran is already returning to normal LPG export volumes. The country shipped 1.117 million MT of LPG in the first-quarter of 2016.
Meanwhile, Russia’s largest petrochemical producer, Sibur also plans to increase its LPG exports. Sibur is eyeing Asian markets and plans to use its export facilities in Russia’s Far East for entering the region from 2018.
More on LPG demand supply trends will be discussed at CMT’s annual 11th LPGTrade Summit on 14-16 November, 2016 in Dubai.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
Read more:
Russia’s Sibur targets LPG exports growth, eyes Asia
India Seeks to Raise LPG Imports from Iran
Asia's record LPG shortfall to attract increasing U.S. exports
Iran shipping 411,000 mt LPG in March, Vitol taking a cargo to Taiwan
Indonesia's Pertamina Seeks 132,000 Tons of Iranian LPG for H2 2016
06 Jun, 2016
