Unlike LNG trade, and accounting for only 16 per
cent of global gas trade carried by sea, LPG demand
continued to grow in 2012, with total LPG volumes
increasing by 7.1 per cent and reaching 45 million tons
(Clarkson Research Services, 2013a). During the year,
large quantities were shipped from Western Asia in the
direction of India and the Far East as part of stock
building motivated by relatively lower prices and ample
supply. The use of LPG for cooking purposes, car gas
consumption and as an input into the petrochemical
industry is driving demand in developing regions. With
growing production, the United States is projected
to emerge as a key supplier of LPG with more and
more of its exports currently heading in the direction
of developing America.
Unlike LNG trade, and accounting for only 16 per
cent of global gas trade carried by sea, LPG demand
continued to grow in 2012, with total LPG volumes
increasing by 7.1 per cent and reaching 45 million tons
(Clarkson Research Services, 2013a). During the year,
large quantities were shipped from Western Asia in the
direction of India and the Far East as part of stock
building motivated by relatively lower prices and ample
supply. The use of LPG for cooking purposes, car gas
consumption and as an input into the petrochemical
industry is driving demand in developing regions. With
growing production, the United States is projected
to emerge as a key supplier of LPG with more and
more of its exports currently heading in the direction
of developing America.
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