Singapore (PRWEB) September 5, 2007
Middle East is expected to contribute about 40% increment to the global LPG supply, with output expected to rise by 19mn t/yr to reach 54 mn t/yr by 2012. The bulk of new supply will be a by-product of non-associated gas output, arising from Qatar, Iran and Abu Dhabi. Gas and condensate projects in Qatar and Iran are due to add 5.2 mn t/yr, while additional output from Abu Dhabi is expected to be 7.8mn t/yr.
Whilst the producers toggle with decisions about export markets, prices and eventually ROI, this rise of LPG supply is promised to shake up the global LPG industry, pricing and benchmark, trading and terms of business. This changing market dynamics give rise to new export opportunities such as petrochemicals and the competing LNG markets, as well as the US Mont Belvieu.
Focusing on issues of new export markets with expanding supply; its impact on prices, terms and freight, 2nd LPGtrade Summit to take place on 19-20 November 2007 in Park Hyatt Dubai, UAE will present leading industry panel to share their views on key issues and challenges affecting the LPG industry to 2010 and beyond. Key highlights will include:
- Outlook of Middle East LPG production & expansion on export plan
- Changing market dynamics and impact on LPG prices and trade
- Risk management option in the volatile market
- Freight market outlook and response
- A re-look at specification and testing benchmark (e.g. mercury level)
- Mont Belviue market and storage capacity
- Petrochemical market focus: feedstock situation: Naphtha versa LPG - on cracker economics
For visiting, sponsorship and exhibition opportunities, please contact Nadia at 65-63469114 or visit us at http://www.cmtevents.com
About Centre for Management Technology
CMT is dedicated to the provision of the latest global technology and business information in the refining/petrochemical industry through high profile conferences focusing on renewable energy sources. In 24 years of operation, we have hosted Conferences on Petroleum, Refining, Liquid Natural Gas, LPG, future fuels like Biodiesel, Biofuels and alternative energy like Coal to Liquids, Gas to Liquids, and Biomass to Liquid Technology. For more information, visit http://www.cmtevents.com.
Email: nadia @ cmtsp.com.sg