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10th LPGTrade Summit

23-25 Nov, 2015 - Istanbul, TURKEY

Sheraton Istanbul Ataköy Hotel

Sustaining Growth amidst an Intensely Competitive
Global LPG Market

Major energy event of the year was the collapse of the crude oil price and its domino effect on NGL and of course LPG prices – according to Poten & Partners.  Brent crude oil prices hit between $50 and $65 per barrel resulting in LPG product prices being at a 7-10 year low whilst freight rates are hitting historical high levels throughout the year.  As a result, the trading arbitrage has been closed for lengthy periods creating challenging dynamics for the LPG market as a whole.


Key developments of the international LPG markets this year are:

  • Further expansion of the US export terminal capacity following the additions and export built-up from Enterprise and Targa in Houston and Sunoco in Marcus Hook and Nederland terminals with further additions from Enterprise and Oxy expected to follow suit by the end of the year.
  • Continuous seaborne LPG export growth which is forecasted to increase by 4 to 5 mm t in 2015. The bulk of this export increase is estimated to come from the US.
  • Significant demand growth in China (petrochemical and retail demand) and India (retail demand), which together are expected to import the lion’s share of the incremental LPG seaborne export growth to balance the market for 2015.
  • Continuous strength of the European demand for propane as a steam cracking feedstock.
  • Prolonged high freight rates, which averaged above the threshold of $100/t from January and July 2015.
  • Undergoing discussions about the lifting of the Iranian sanctions, which if they are confirmed will progressively add significant volumes to the LPG export market.
  • OPEC's decision to continue producing crude oil at the same level is having an effect on the uninterrupted flow of LPG volumes

These developments raise several questions for discussion at CMT’s 10th LPGtrade Summit:

  • Is all this terminal capacity needed?
  • How the crude oil price can affect the global NGL and hence LPG production and exports in the short to medium term?
  • Will the VLGC freight market continue to be strong in 2016 or the large orderbook and forthcoming Panama Canal opening will have a significant effect on freight rates?
  • Has Asia the capability to continue to absorb all the LPG production growth out of the US?
  • What is the potential for further LPG petrochemical consumption of LPG as a feedstock in Asia?
  • How will US Gulf prices compare with Asian and European market prices in the future and how the trade arbitrage will be affected by freight rates and crude oil price swings?

More than 10 hours of networking opportunities at CMT’s 10th LPGtrade Summit to meet and renew business ties and forge new business relationships.

Not to be missed – Networking Dinner Hosted by BAYEGAN Group and CMT on 24 November 2015, for ALL speakers and participants.

PLUS Pre Summit Workshop (23 November 2015) on Interactive Workshop on LPG Trade – Pricing, Trading, Shipping & Risk Management.


Register NOW for the 3-days' exciting event with huiyan@cmtsp.com.sg. Contact us for attractive bundle and group discounts.


Separately Bookable Pre-Summit full day interactive workshop on 23 Nov (9:00 - 17:30)

LPG Pricing, Trading, Shipping & Risk Management


The workshop will cover on the followings:


  • Introduction
  • Trading Environment
  • Contractual Terms & Conditions
  • Trading Techniques
  • LPG Shipping
  • Introduction to price risk management
  • Case study and debriefing


CMT’s 9th LPG Trade Summit

11-13 Nov 2014 in Dubai

Four Category Winners announced at LPGtrade Awards 2014


Four LPG industry awards were given away at the recently concluded 9th LPG Trade Summit held in The Address Dubai Marina on 11 November, 2014.


CMT's highly anticipated LPGtrade Awards Night ceremony paid tribute to the outstanding contributions by LPG industry players amidst much fun-fare. The Best Trading Company was awarded to Petredec, while Navigator Gas won the Best Logistics Partner award. Clarksons walked away with the Best Broker award and the coveted Personality of the Year was presented to JC Heard, Naftomar.


Over 150 delegates, speakers, award nominees, guests as well as sponsors and exhibitors attended the awards ceremony, savoring fine food and entertainment. The first-ever LPG Awards conferred by CMT was strictly decided on the basis of voting, conducted online.


The Awards Night was part of the 9th LPG Trade Summit where top-notch speakers from Phillips 66, Poten & Partners (UK) Ltd, SHV Gas Supply & Risk Management SAS, OPIS, Panama Canal Authority, Amexgas, Astomos, E1 Corporation, Oriental Energy Company Limited, FACTS Global Energy, Dorian LPG Ltd., Viamar AS, Libra Fearnley Energy and F M Energy Services participated.


Phillips 66 and the Vitol Group were the Corporate Sponsors while Nimex Petroleum Group was the Coffee Break sponsor of this summit.





"Good overlook of LPG industry"

Gasmare Synergy


"You get the pulse of the LPG market"



"It was very informative and useful"

Morvarid Petrochemical Co.


"Informative and insightful"

SCG Cement Company Limited


"First time to be present, I would say excellent organization"

B.B. Energy (Gulf) DMCC


"It was my first LPG Summit, it was a great opportunity to share LPG overview in other countries and to see and discuss LPG main aspects"

Tengizchevroil (TCO) LLP


Industry News   Be a Sponsor or Exhibitor!

Tasweeq, Astomos sign LPG deal


New PDH plants to extend China's 2015 LPG demand, but growth to slow


Healthy Asia LPG demand pulls in Western cargoes, drives price rebound


Asia's naphtha falls as buyers look towards LPG


LPG shipowners eyeing potential for ethane carriers


Omera Petroleum starts supplying LPG


Japan's Eneos Globe raises U.S. propane buy to 3 mln T

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


News Feed

Kochi to Build LPG Terminal by 2017

Posted on : 03 Nov, 2015


India will soon construct a new LPG import terminal in Kochi, Kerala. Cochin Port Trust will oversee the construction on behalf of Indian Oil Corporation (IOC).


The port has awarded a ₹217.33-crore project to RKEC Projects Private Limited, Visakhapatnam to work on the jetty for super gas tankers. RKEC will set up a Multi User Liquid Terminal (MULT) at the Puthuvypeen jetty that will allow anchoring of super gas tankers. The project includes construction of a terminal with a 230 meters long berth for handling LPG and petroleum products worth ₹182.76 crore and a barge berth that will handle bunkers at a cost of ₹34.57 crore.


Expected to be completed in 2017, the terminal will import 6 lakh tonnes of LPG annually in the initial stage.


The MULT will enable import of LPG by IOC. Currently, IOC imports LPG via Mangaluru Port and supplies it to various destinations in Kerala by long road haulage. The new terminal will end Kerala’s dependence on LPG tanker lorries, that poses a major challenges given the frequent accidents.


Besides, there are also plans to connect the new import terminal with IOC’s Udayamperur LPG bottling plant while also connecting BPCL-Kochi Refinery through pipelines.


Ashutosh Gupta, Chief Manager (LPG-Operations) at Indian Oil Corp Ltd (IOC) will lead discussions on ‘India’s LPG Market Development & Growth Outlook’ at 10th LPGTrade Summit on 23-25 November, 2015, in Istanbul.


Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.



Iran eyeing LPG exports to Africa, Europe and Asia

Posted on : 03 Sep, 2015


Iran is planning to increase LPG exports to African and European countries. The country is already exporting a bulk of its LPG to Asian countries – particularly China, India and Pakistan. It also exports to Iraq and a few other neighboring countries.


China is one of the major importers of Iran’s LPG and sulfur. It’s estimated that Iran earns approximately $1 billion annually from LPG shipments.


Iran is in talks with Turkey for exporting LPG supplies as well as eyeing more supplies to its existing customer – India.


Due to the US-led sanctions, Iran is not able to ship LPG to European countries, but negotiations are being conducted to start exports to Spain, said Mohammad Ali Barati, the managing director of the Iranian Gas Commercial Company (IGCC).


Africa is another market that Iran is eyeing. It already exports LPG to Kenya through its main port of Mombasa. However, Iran is facing challenges of shipping to other parts of Africa due to the lack of large dockyard facilities. For the time being, it is looking at big ships to transfer their cargo to smaller vessels on high seas in order to export LPG to Mozambique, Ghana and West African countries.


Iran is also doubling its fleet of carriers for shipment of LPG to the international market. The country has added 15 carriers in the past couple of years to ship LPG cargoes to its clients.


10th LPGTrade Summit on 23-25 November, 2015, in Istanbul will analyse the LPG demand and supply chain in greater detail.


Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.


Read more>>

LPG shipowners making inroads into ethane carriers business

Posted on : 03 Jul, 2015


With the shale gas boom and the rising demand for ethane, LPG shipowners are starting to explore the nascent ethane shipping and VLEC market.


Germany's shipowner Hartmann Reederiei happens to be one of the first movers. The shipowner already announced its joint venture with Jaccar Holdings. The JV named United Ethane Carriers will commence commercially managing five 85,000 cu m VLECs.


Further Hartmann is expected to bareboat charter three 36,000 cu m liquid ethane gas carriers for 15 years. The carriers are being built at Sinopacific Shipbuilding and expected to be completed and delivered in 2016.


Traders believe that this new business has a lot of potential in the future as it is driven by shale gas.


Will other shipowners follow suit? How will this impact the LPG shipping industry? What will be the challenges and opportunities in LPG vs Ethane & Naphtha in Petrochemical Production?

Answers to the above will be shared at CMT's annual event - 10th LPGTrade Summit on 23-25 November, 2015 in Istanbul.


Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.



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Producers, Traders, Importers, Exporters, Distributors, Brokers, Ship Owners / Managers, Shipping Agencies, Supply & Trading Managers, Feedstock Purchasing Managers, Chartering Managers - CEOs - Managing Directors - General Managers - Business Development Directors - Director of Marketing- Regional Representatives - Petroleum Downstream Business Directors - Commercial Directors- Global & Regional Oil Corporations - Refineries Managers - Representatives from Storage & Terminalling Companies - Insurance, Trade & Structured Finance Banks

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Speaker Profile

Mr. Mark Trgovich
Regional Director, BGN International DMCC
2016 – What’s Next?
Day 2 [Tue 24, November], at 04:25 PM
Mark Trgovich is the Regional Director for BGN International and is based at the office in Dubai, United Arab Emirates. He is responsible for the LPG business, as well as development of business into additional product lines and commodities. Prior to his current position he worked as the Marketing Director - LPG at Tasweeq in Qatar. In this role, he guided the LPG marketing strategy through the expansion of the production which now stands as the biggest exporter within the region. Mark's further....
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Day 3 [Wed 25, November], at 11:15 AM
Mr. Xuesong Peng
Senior Consultant, Energy & Chemicals Advisory, Nexant Limited
Global Petrochemicals Outlook & Changing Feedstock Environment: Prospects for LPG
Day 2 [Tue 24, November], at 02:45 PM

 Xuesong Peng is a Senior Consultant at Nexant, based in London. He has about 10 years' consulting experience in the petrochemicals sector and is trained on materials science and engineering. He has led and performed a wide range of engagements on petrochemicals and feedstock, including strategy review, feasibility studies, technology and cost b....
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Mr. Tony Liang
Assistant General Manager, Wanhua Petrochemical Co. Ltd.
PDH Update & Deep-Processing Unit Development in China
Day 3 [Wed 25, November], at 09:45 AM

 Upon my graduation, Tony joined Wanhua Chemical Group as Finance Controller and then promoted to Finance Manager of Wanhua Netherlands B.V. After 3.5 years working in Amsterdam, he was transferred to Budapest as the Marketing Manager of BorsodChem for 6 months.

Tony returned to China in the beginning of 2013 and then joined Purchasing Depar....
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