"Connecting LPG Demand Growth, Export & Infrastructure Needs"
LPG consumption on the African continent is huge in potential with varying demand and requires much overcoming of barriers.
The overall average LPG consumption in Africa region is 3 kg per person, whereas North Africa recorded an average LPG consumption of 53 kg per person per year. In Sub-Sahara Africa, per year consumption is only 2.5 kg per person, and less than 1 kg per person in Nigeria.
Nigeria with its huge population is one of the largest LPG potential markets in the world. Experts believe that with the right regulation and enforcement, Nigerian LPG market could potentially grow to nearly 200 million tons per year next year.
National Oil, Kenya's state-owned oil company, forecasted growth in Liquefied Petroleum Gas (LPG) consumption as the country's middle class expands and consumers shun inefficient and hazardous traditional wood fuel. Construction of LPG terminals have encouraged this demand growth and aid supply distribution of LPG. The increased use of LPG in Kenya has not been without challenges with key among them being the proliferation of illegal LPG operators.
Despite the significant opportunity, the most important barriers that must be overcome to successfully create new LPG markets include the Policy Environment, Accessibility, Affordability and Awareness.
Speakers confirmed to-date:
CMT's inaugural Africa LPGtrade Summit is held in West Africa where potential is greatest - held on 7 - 9 May 2014 in Accra, Ghana. The summit will bring together the senior executives and decision-makers from LPG exporting, importing, marketing and distribution companies with government representatives, investors, regulators, financial institutions and suppliers of cylinders, technologies and accessories.
The objective of this summit is to facilitate discussion and partnerships to promote regional and international trade of LPG and the following:
Outlook of the Africa LPG Production (Angola, Nigeria, Algeria, etc)
Opportunities to Meet Rising LPG Demand Growth in Africa
Evolving Consumption Patterns & Pricing Trends
Case Studies of Successful Implementation of Import Facilities & Distribution in South Africa and Asia
Investment Requirement for LPG Distribution & Infrastructure (Transportation & Storage, etc) in Africa
Current LPG Application in Africa: Residential, Autogas, etc