• 1 day PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 1 day Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 1 day Syrian Rebels Relinquish Control Of Major Gas Field
  • 1 day Schlumberger Warns Of Moderating Investment In North America
  • 1 day Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 1 day Energy Regulators Look To Guard Grid From Cyberattacks
  • 1 day Mexico Says OPEC Has Not Approached It For Deal Extension
  • 1 day New Video Game Targets Oil Infrastructure
  • 1 day Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO

Platts Sees China’s LPG Demand Growth Slows In 2017

LPG

Driven by robust industrial and petrochemical consumption, Chinese liquefied petroleum gas (LPG) demand will continue to grow this year by 10 percent, but well below the 24-percent demand jump last year, S&P Global Platts said in its 2017 outlook, citing market sources and analysts.

This year’s demand growth is seen as slowing due to fewer propane dehydrogenation (PDH) plant startups, according to analysts and sources.

The strong demand growth in 2016 was due to higher demand from petrochemical plants—including PDH plants—industrial users, and households.

Platts Analytics has estimated that China’s net imports jumped by 40 percent annually last year, and this year’s net import growth is seen at 22 percent. The growth in 2016 turned out to be higher than expectations from earlier last year, when forecasts were for demand growth under the 20-percent growth for 2015 and import growth of some 20 percent.

Demand from other petrochemical plants is also expected to grow in 2017, and industry sources have placed LPG demand from the petrochemical sector at some 40 percent of China’s consumption.

In addition, China’s fight against pollution and the subsequent push for cleaner fuels as alternatives to coal and fuel oil is expected to further bump up LPG demand in the industrial sector in 2017. Industrial demand is estimated to make up some 20 percent of China’s LPG consumption.

Related: Russia Has Started Cutting Oil Output: Kremlin

Household LPG demand – which accounts for around 40 percent of China’s total LPG consumption – is seen growing moderately this year, Platts noted, citing analysts and other sources.

In its drive to cut back on the share of coal in its energy mix and reduce smog and greenhouse gas emissions, China has recently said that it planned to cut the capacity of its coal mines by 800 million tons annually until 2020.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oiprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News