19-20 Apr, 2016 - Johannesburg, SOUTH AFRICA
Hilton Sandton
Hilton Sandton
South Africa faces a shortage of LPG supply during the winter months. The reasons for the supply crunch is attributed to a variety of factors.
First of all consumers use LPG as an alternative source of heating during winter months as load-shedding and rise in electricity prices prevail.
With LPG consumption in South Africa expected to quadruple by 2024, it’s crucial that the country ramps up LPG import and storage facilities. After long and unnecessary delays, an LPG Import Terminal in Saldanha Bay is being developed to enable additional LPG imports to meet local demand and is expected to be operational by end of next year.
As the winters began, Afrox started to import on an average of 6,000 tonnes of LPG every month. But this additional LPG is still not enough to meet the high demand – from consumers as well as the hospitality and industrial sectors.
Apart from consumer demand for LPG, there are other reasons such as scheduled maintenance shutdowns of refineries leading to low LPG supply.
It’s also seen that manufacturers are considering renewables and gas sources to safeguard their energy mix and ease out the strained supplies.
More on LPG market trends will be under the spotlight at CMT’s 2nd Africa LPG Trade Summit scheduled on 19-20 April, 2016 in Johannesburg.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
