23-25 Oct, 2017 - Dubai, U A E
The H Dubai
The H Dubai
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"Assessing Opportunities for Increased Demand & Global Trade" |
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The LPG market is currently in a period of transition; adapting to an environment of increasing supply, growing importance of the petrochemical markets, lower global price spreads and depressed freight rates.
Supply has increased in the last few years from both the US, as a result of Shale Gas exploration, as well as from the Middle East as players maintain global market share and production projects come to fruition.
In terms of propane demand, Asia remains a key output for trade volumes driven mainly by the onset of new PDH facilities, particularly in China and Korea. Furthermore, the narrowing of the spread has resulted in arbitrage economics becoming unfavourable creating a challenging trading environment.
At the same time, the VLGC fleet has increased substantially, depressing freight rates to levels around or below OPEX costs. Combined 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.
Gathering key commercial players from Asia, Europe, US and the Middle East, CMT’s 12 LPGtrade Summit is a NOT TO BE MISSED event for all who are involved in the global LPG trade (production, procurement, trade and etc). Register NOW to attend with your team, to enjoy attractive early bird group discounts. Contact huiyan@cmtsp.com.sg today!
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Multiple Benefits to Attain Your Business Leads |
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Post-Summit Workshop (24 Oct 14:00 – 17:00 hrs & 25 Oct 09:00 – 14:00 hrs)
LPG: A Byproduct Market Governed by the Economics of Major Markets (Tools & Fundamentals to Navigate Changing Circumstances) |
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Testimonials from 11th 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 |
Bangladesh based company – Beximco Group is expected to build the country’s first LPG fueled power plant. This move is in tune with the government’s plans to replace renewable energy sources in power, transport and industrial sectors with LPG.
According to State Minister for the Ministry of Power, Energy and Mineral Resources Nasrul Hamid, “Bangladesh plans to construct its first LPG-fired power plant to diversify energy supply sources and ease pressure on the country’s diminishing natural gas resources”.
Although the plant’s capacity and location are yet not revealed, it is confirmed that US-based General Electric will be the technical partner for the project.
The move is expected to further fuel the demand for LPG in Bangladesh – which has seen strong growth since last year – owing to the increasing suspension of natural gas connections and growth in the use of LPG as an auto fuel.
Further, the new policy will enable private sector players to enter the market as it allows them to set up LPG terminals, Autogas filling stations, auto gas conversion plants and LPG bottling plants.
38 new licenses have been issued by the government to private companies to build LPG storage and bottling plants. These license holders are also authorized to supply LPG to households, autogas filling stations as well as commercial and industrial clients via dealers and franchises. Additionally, they can export bottled LPG or LPG in bulk after attaining relevant permissions from the ministry.
Find out more about Bangladesh’s first LPG-fueled power plant from Mr. Sunil Jhingran, Executive Director (New Business), Beximco Petroleum at 12th LPG Trade Summit on 23-25 October in Dubai.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more information.
Read more>>>
02 Oct, 2017
India’s state-run Indian Oil Corporation Ltd (IOCL) is enhancing its LPG production facilities in the southern states of Kerala and Tamil Nadu. There is an increased demand for LPG that is growing at 11% annually.
The facility augmentation works include construction of LPG import terminal at Puthuvypin in Kochi and a 498 km pipeline jointly implemented by IOCL and Bharat Petroleum Corporation Ltd. (BPCL).
Built at a cost of close to Rs 3000 crore, the projects – under construction – are expected to be completed in February 2018.
The pipeline will connect the import terminal at Puthuvypin with BPCL Kochi Refinery, IOCL’s Kochi bottling plant and BPCL’s upcoming bulk LPG terminal at Palakkad before terminating at Salem. It will feed IOCL’s LPG bottling plants at Coimbatore and Erode as well.
Inter-state bullet truck movement transporting LPGF is slated to be cut down by 20-30 per day from the present 70-80 trucks plying daily from Mangalore to Kerala LPG plants.
The Kochi plant’s current capacity can only store 1.5 days of LPG production. The new augmentation work will also expand storage capacity to 8 days of LPG production – which can be helpful to meet demand during emergency strikes or during supply shortages.
More about Indian’s LPG markets will be discussed at 12th LPG Trade Summit on 23-25 October in Dubai.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more information.
Read more>>>
15 Aug, 2017
Indonesia is planning to increase liquefied petroleum gas (LPG) imports from Iran. They are hoping to procure the LPG imports from Iran at a discounted price.
According to the country’s Energy and Mineral Resources Ministry, Wiratmaja Puja - Indonesia wants to double imports of Iranian LPG from 500,000 tonnes to 1 million tonnes.
State-owned oil and gas company Pertamina is demanding price discounts from the Middle Eastern country. However, no deal has been struck yet.
If Indonesia succeeds in increasing its LPG imports from Iran, its LPG imports from other countries, including Saudi Arabia’s Aramco will decrease substantially.
Iran has been working towards increasing its crude oil production after the sanctions were lifted. The country wants to recapture its market share. Iran’s return to the market has put pressure on other market leaders – especially Saudi Arabia and producers in other regions.
LPG market trends will be further analyzed at 12th LPG Trade Summit on 23-25 October in Dubai.
Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more information.
13 Jun, 2017
