Non-U.S. Projects to Boost Global LPG Supply

Posted by OilVoice Press - OilVoice


Australia and Russia together will add more than 100,000 b/ of new LPG supply in the coming months, according to ESAI Energy's Global NGL Outlook. Given that U.S. export infrastructure will limit U.S. LPG exports this winter when global demand is strongest, higher exports from Australia and Russia will provide an important alternative source of supply to China, Asia and Europe.

Russian exports will jump a few months from now when LPG production from Rospan and INK ramp up, explains ESAI energy. Russia's exportable surplus, which was 155,000 b/d in 2017, will climb to more than 200,000 b/d in early 2019. While most of these new barrels will be exported to Europe, a portion will begin flowing to China by rail. Meanwhile, Australia's exports to China and other Far East markets will grow. The country's LPG production from fractionation reached new lows of about 40,000 b/d in the second quarter. LPG production from the Ichthys and Prelude LNG projects, which will add 63,000 b/d of LPG supply, will begin by the start of the fourth quarter.

 “This winter, export infrastructure will constrain U.S. exports. Meanwhile, the off-season stock builds in the U.S. and other markets has been unimpressive,” comments ESAI Energy Principal Andrew Reed. “Increased exports from Russia and Australia will help alleviate the scarcity that we anticipate in the European and Asian markets. The start of overland deliveries to China is the more significant development in the longer term – the expansion of this trade provides China with an alternative to seaborne imports.”

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

ESAIESAI EnergyLPGLiquid Petroleum GasAustraliaRussiaUnited States

More items from oilvoice

Cyber Security Experts Unite to Protect Europe’s Critical Industries

CS4CA Summit Returns to London this October Staying abreast of fast-paced industry developments is crucial for cyber security professionals. And while one can learn a lot from publications and social media, it's hard to beat the value of insights gained first-hand from peers. This is why 150+ IT ...

OilVoice Press - OilVoice

Posted 1 year agoPress > cybereurope

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 1 year agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 1 year agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 1 year agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice