Constraints Limit Short-Term Imports for Europe
This current feature was extracted from the latest edition of Poten’s LPG Market Outlook, a monthly service published on November 9th, 2022.
High natural gas prices in the past few months had European consumers looking for alternatives to natural gas and LPG was a strong contender as a substitute. However, sentiment shifted in late October with natural gas prices in Europe falling considerably throughout the month.
The supply of LPG is high in the region which has applied downward pressure on LPG prices. Imports have fallen from 2022 highs of 1.5 MMt/m in August to about 1.2 MMt/m in September and October.
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