LPG in World Markets: Poland to Rely More on Seaborne Imports

This current feature was extracted from the latest edition of Poten’s LPG in World Markets, a monthly service published on June 12, 2024.

In late 2022, Poland announced the gradual phaseout of Russian LPG in response to the war in Ukraine. Land-based exports from Russia to Poland were the predominant method of transportation used in the LPG trade between the two countries. As a result, Poland has switched to importing greater quantities of LPG via the sea instead and seaborne imports of LPG increased from 680,000 t in 2021 to 1.3 MMt in 2023. The process of eliminating Russian LPG has been both slow and costly, as Poland has a large autogas market and the change has directly impacted the pocketbooks of Polish drivers. Shiptracking data indicates that Poland has phased out seaborne supplies from Russia, but the phasing out of Russian land-based LPG supplies has been more difficult with volumes in 2023 roughly equal to those in 2022.

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