LPG Market Outlook: Global LPG prices signaling tight supplies

LPG Market Outlook/p>

July 2021

The incremental demand for LPG globally will continue to be driven by the European, Mediterranean, and especially the Northeast Asian markets at least until 2023. The rise of the petchem sector in those regions will drive most of the growth in import requirements. Northeast Asian imports are forecast to make up 35-40% of global imports and climb to roughly 50 MMt/y by 2023 – up from 39 MMt/y in 2020.

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