Africa gaining importance in world LPG trade

Journal Article · Mon May 12 04:00:00 EDT 1997 · Oil and Gas Journal

OSTI ID:477481

Haun, R R ^[1]; Otto, K W; Whitley, S C ^[2]

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1. Purvin and Gertz Inc., Dallas, TX (United States)
2. Purvin and Gertz Inc., Houston, TX (United States)

Major LPG projects planned or under way in Africa will increase the importance of that region`s presence in world LPG trade. Supplies will nearly double between 1995 and 2005, at which time they will remain steady for at least 10 years. At the same time that exports are leveling, however, increasing domestic demand for PG is likely to reduce export-market participation by Algeria, Nigeria, Egypt, and Libya. The growth of Africa`s participation in world LPG supply is reflected in comparisons for the next 15--20 years. Total world supply of LPG in 1995 was about 165 million metric tons (tonnes), of which Africans share was 7.8 million tonnes. By 2000, world supply will grow to slightly more than 200 million tonnes, with Africa`s share expected to increase to 13.2 million tonnes (6.6%). And by 2005, world LPG supply will reach nearly 230 million tonnes; Africa`s overall supply volumes by that year will be nearly 16.2 million tonnes (7%). World LPG supply for export in 1995 was on order of 44 million tonnes with Africa supply about 4 million tonnes (9%). By 2005, world export volumes of LPG will reach nearly 70 million tonnes; Africa`s share will have grown by nearly 10 million tonnes (14.3%).

• OSTI ID: 477481
• Journal Information: Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 19 Vol. 95; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
AFRICA
ALGERIA
COMPILED DATA
EGYPTIAN ARAB REPUBLIC
ENERGY SUPPLIES
EXPORTS
LIQUEFIED PETROLEUM GASES
NIGERIA
TRADE