Opinion

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

Posted by OilVoice Press - OilVoice

30-Aug-2018


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.”

ESAIESAI EnergyLPGLiquid Petroleum GasAustraliaRussiaUnited States

More items from oilvoice


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 4 months 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 4 months 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 4 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice


Posted 4 months agoPress > TotalDividend

Methyl Tertiary Butyl Ether Capacity Will Grow at a CAGR of 16.8% in India Over Next Four Years, says GlobalData

India's Methyl Tertiary Butyl Ether (MTBE) plant capacity is forecasted to grow at a compound annual growth rate (CAGR) of 16.8% from 0.211 million tons per annum (mtpa) in 2017 to 0.460 mtpa in 2022, according to GlobalData , a leading data and analytics company. The company's report: ‘ Met ...

OilVoice Press - OilVoice


Posted 4 months agoOpinion > GlobalDataIndiaMTBE
All posts from oilvoice