World NGL markets continue rapid expansion

Journal Article · Mon Jun 08 04:00:00 EDT 1998 · Oil and Gas Journal

OSTI ID:616272

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

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

The international LPG industry has expanded rapidly during the 1990s and undergone significant changes. LPG consumption has expanded at nearly twice the rate of world petroleum demand. In particular, LPG use in residential and commercial markets has more than doubled in many developing countries. Markets for LPG and other petroleum products have been opened in many countries, accelerating demand growth and creating investment opportunities in all downstream segments. This has led to an overall strengthening of global LPG pricing and the development of many new export gas-processing projects. The paper discusses world LPG demand in residential and commercial markets and in petrochemicals, world LPG supply, regional increases, international trade, the US situation in natural gas, NGL supply, and NGL demand.

• OSTI ID: 616272
• Journal Information: Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 23 Vol. 96; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

03 NATURAL GAS
COMPILED DATA
ECONOMICS
GLOBAL ASPECTS
LIQUEFIED PETROLEUM GASES
MARKET
SUPPLY AND DEMAND
TRADE