14th LPGtrade Summit,

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#lpgtrade #cmtlpg2019

12-13 Nov, 2019 - Athens, GREECE

King George, a Luxury Collection Hotel, Athens

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Global Mapping of LPG Supplies & Evolving Offtakes & Opportunities

   

NGLStrategy LLC outlines the next phase of developments in Global LPG dynamics:

        

"Geopolitical factors are one of the key elements influencing the LPG market in 2019, with continued OPEC production cuts, sanctions limiting delivery of Iranian product and the ongoing US/China trade tariffs.

   

Market fundamentals remain in place with the US continuing to grow its NGLs production, demand being dominated by retail market, and there is increased necessity for the petrochemical market to absorb the additional seaborne supply.  To-date, propane and butane prices have been dictated by its relationship to alternative feedstocks, e.g. naphtha for the production of ethylene via steam cracking.

   

LPG infrastructure developments continues in the West (new fractionation capacity, additional steam cracker capacity) and East (new PDH plants and steam crackers in China, additional propane cracking flexibility in Korea). Furthermore, this year has seen additional seaborne supply from new Canadian export terminals as well as the ramp up of exports arising from the new Australian LNG projects.

  

Yet, restrictions are still in place, for example US export capacity, and the market awaits the next phase of new developments.

   

By the end of the year, additional LPG export capacity is expected to come on stream in the US, and despite the current tariffs in place between the US and China, demand in China is expected to continue to increase particularly as more PDH facilities will begin operation at the end of 2019/beginning of 2020.

   

The oversupply of the US market, inventory build-up, infrastructure bottlenecks and soft global demand has led to a weak Mont Belvieu price. This along with tightening shipping supply/demand has allowed shipping freight to recover from previous depressed levels. Freight rates are anticipated to remain relatively strong for the remainder of 2019 and beginning of 2020, affecting trading arbs.

Overall, the LPG market continues to evolve until the additional export capacity is on-stream and additional petrochemical plants start up – the timing of both will significantly influence the balance of the market either way. New legislation (IMO2020) and political developments particularly in the Middle East, will of course be influential not only on supply/demand but on the price of propane vs butane. Freight should it remain at firmer levels will ultimately affect trading arbs and could play a key role for many market players as we head into 2020."

    

Attend CMT's 14th LPGtrade Summit in Athens this November, and get fresh updates and discussions on global LPG market developments and transition.  Meet and hear from leading speakers in LPG supply, trading, shipping, procurement and distribution, petrochemicals & PDH production.

    

Key Highlights at CMT's 14th LPGtrade Summit

  • Evaluate LPG Competitiveness - Middle East, US, Russia & etc
  • North American LPG & Zoom-In on Marcus Hook's Infrastructure Updates
  • LATAM LPG & Correlation with the US Exports
  • Matching oversupply outlook against demand growth in China, India, Bangladesh & Emerging Asia 
  • Mediterranean (North Africa) & Black Sea LPG market status
  • Autogas & Growing Retail Scene in Bangladesh & Turkey
  • A Round-Up on the Opportunities & Trend in the European market 
  • LPG Shipping & Impact from IMO 2020 + Trade Conflict on the VLGC Market 
  • China's PDH & LPG Import Growth 
  • LPG vs Naphtha - Attractiveness for Petrochemical Cracking
  • Pre-Summit Workshop on Navigating the Changing Circumstances in Global LPG

  

Sign up now with huiyan@cmtsp.com.sg and enjoy attractive early bird group discount with your team!

     

Testimonials From 13th LPG Trade Summit

"Very informative conference regarding LPG market and speakers"

BGN International - Bayegan Group
 

"Very productive and was very nice to reconnect with colleagues"

Benelux Overseas DMCC
 

"One of the best that I have experienced"

LAUGFS Gas (Bangladesh) Ltd
 

"Informative – you get to network with others – well-prepared"

Oman Shipping Co

"Excellent conference with very useful presentations and market participants"

Thomson Reuters

    

"The speaker slat never fails me"

FACTS Global Energy

     

"Very fruitful"

Petkim Petrokimya Holding A.S.

 

     

Be a Sponsor or Exhibitor!

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

IOCL increases LPG storage capacity at Inamkulathur plant

Posted on : 30 Oct, 2019

 
Indian Oil Corporation Ltd (IOCL) has increased its LPG storage capacity at Inamkulathur Indane Bottling Plant in Tiruchi.
 
The facility already has a capacity of 1,000 metric tonnes stored in three bullets with a combined capacity of 400 metric tonnes and one horton sphere with storage capacity of 600 metric tonnes. The new mounted facility will add 900 metric tonnes built at a cost of ₹10.5 crore.
 
The IOCL bottling plant’s existing capacity can reserve stocks for 2 days and with the new addition, the stocks can last up to 4 days. The bottling plant can fill 34,000 LPG cylinders per day.
 
The plant supplies LPG cylinders to customers through a network of over 110 Indane LPG distributors across the districts of Tiruchi, Thanjavur, Perambalur, Karur, Ariyalur, Pudukottai, Ramanathapuram, Sivagangai, Dindigul, Virudhunagar, Madurai, Theni, Thoothukudi, Tirunelveli and Kanyakumari.
 
The bottling plant is equipped with 24 filling points each, adding up to a total of 48 points. Both the carousels put together can churn out 3,000 LPG cylinders per hour.
 
With India’s LPG consumption growing – encourage by government subsidized programs, LPG production and imports are expected to grow.
 
Find out more in a presentation on ‘India: Consolidation of LPG market’ by Mr. Lalit Kumar Chauhan, Chief General Manager, LPG-OPS, Indian Oil Corp Ltd (IOC) at CMT’s 14th LPG Trade Summit on 12-13 November, 2019, in Athens.
 
Contact Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
 

China's Wanhua forms LPG shipping JV with Adnoc

Posted on : 14 Oct, 2019

 
China’s Wanhua Chemical and Abu Dhabi National Oil Company (Adnoc) have agreed to form a shipping joint venture in the LPG sector to explore downstream opportunities in both countries.
 
Estimated to be worth $12 billion, the JV is expected to explore downstream derivatives in the UAE that includes polyurethane value chain chemicals at Ruwais - Adnoc's refining and chemicals hub. The JV will also look for development of petrochemicals and derivatives in Yantai, Shandong province of China.
 
The JV is built on an earlier 10-year LPG supply contract between the two companies. In addition, two Very Large Gas Carrier vessels will be used in the operation. The joint venture also includes additional feedstock supplies by Adnoc to Wanhua.
 
As demand for LPG rises in East Asia, companies like Adnoc are looking at increasing more supplies to the region. Last year, Adnoc signed a 10-year sales agreement with Wanhua for the purchase of up to 1 million tonnes of LPG annually.
 
The new JV between the 2 companies will leverage Adnoc's polyolefins capabilities with Wanhua's expertise in specialty materials to allow for a broader product range in building and construction, appliances, automotive, electronics and furnishings.
 
Wanhua Chemical Group presents a session on ‘Balancing Demand & Imports Requirements of LPG in China’ at CMT’s 14th LPG Trade Summit on 12-13 November, 2019, in Athens.
 
Contact Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
 

India to Import more LPG to meet rising LPG demand

Posted on : 02 Jul, 2019

 
India has witnessed a rapid increase in LPG consumption in recent years. In the financial year 2018-2019, India consumed a record 24.9mn tonnes of LPG which marks a 53% rise from its LPG consumption five years ago, and 6.9% higher than the previous year.
 
Such high consumption has led to a rise in LPG imports in India. The country has imported 13.2mn tonnes of LPG in the financial year ending March 2019,  which is more than double the import volumes in the 2013-14 financial year. LPG Imports were also 15.9% higher than the previous financial year.
 
To keep pace with the rising imports, India is building an additional 5mn tonnes per annum of LPG import terminal – that is expected to be completed by FY 2020-21.
 
The robust LPG penetration in the country is attributed to the government run schemes such as Ujjwala, launched in 2016, that has provided about 72mn new LPG connections to households in 714 districts, according to official data. Along with the Ujjwala scheme, a rising middle class population that consumes more LPG has boosted consumption significantly.
 
At the end of 2018, almost 80% of Indian households had access to LPG – a 56% rise since 2016, according to FGE. The consultancy firm further expects India’s LPG demand to grow by 8% in 2019 and 6.7% in 2020.
 
More about India’s LPG demand and imports will be discussed at CMT’s 14th LPG Trade Summit on 11-13 November, 2019, in Athens.
 
Contact Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.
 
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