Tagged Posts for Lpg-ngl
European Physical Propane Price Rallies to Three-Year High on Middle East Conflict
The OPIS assessed CIF Amsterdam-Rotterdam-Antwerp (ARA) physical propane price for March has climbed $101.50/metric ton over the past two days to reach its highest level since March 2023. Read More
New War Risk Insurance Premiums Expected for Middle East Gulf by March 7
Following an escalation of tensions in the Middle East Gulf, insurance underwriters are expected to issue new war risk premiums by March 7, a shipping management firm informed OPIS on Thursday. Read More
Butane Increases Share in US Export Portfolio at Expense of Propane
U.S. butane exports rose in February at the expense of propane, a trend which has rolled into March and been exacerbated by the conflict in the Middle East, shipping data showed this week. Read More
Vietnam’s PV Gas Boosts LPG Output Amid Mideast Supply Disruptions
PV Gas Trading has declared force majeure on LPG deliveries in Southern Vietnam following supply disruptions from Saudi Arabia and shipping blockages in the Strait of Hormuz. To mitigate the impact, the company is boosting domestic production by 5% and pivoting toward LNG and pipeline gas as alternative energy sources for its customers. Read More
FOB US Gulf Coast Propane Values Reach Highest Level in More than 16 Months
FOB U.S. Gulf Coast propane values surged to a 16-month high following geopolitical escalations between the U.S., Israel, and Iran. While notional netbacks are pegged above +20cts/gal, market participants warn that a potential closure of the Strait of Hormuz is severely complicating shipping arrangements and cargo availability. Read More
Mideast Conflict Widens US-Asia LPG Arbitrage Window
The conflict involving the U.S., Israel, and Iran has widened the U.S.-Asia LPG arbitrage, with the spread between the OPIS Mont Belvieu Enterprise (Non-TET) and Far East propane swaps opening at $307.58 per metric ton. Sources indicate that geopolitical tensions have introduced a war risk premium, prompting shipowners to avoid the Strait of Hormuz and the Suez Canal in favor of U.S. cargoes. Read More
Aramco’s Juaymah Outage Lifts Asian LPG Prices as Buyers Seek Alternatives
A structural collapse at Saudi Aramco’s Juaymah NGL facility at Ras Tanura on Monday has driven Asian LPG prices sharply higher, with importers seeking alternative cargoes after March loadings were cancelled. Read More
USGC-Europe, Asia LPG Arbitrages Soar to 16-Month High
LPG pricing spreads between the U.S. Gulf, Northwest Europe, and Asia have surged to 16-month highs following a major infrastructure failure at Saudi Aramco’s Juaymah NGL terminal. With March cargo acceptances cancelled and exports potentially cut by 74%, the widening arbitrage is driving up global propane assessments and increasing demand for U.S. Gulf VLGC exports. Read More
ExxonMobil’s UK Plant Closure Stokes Ethylene Demand, Widens US-Europe Arbitrage
The sudden closure of ExxonMobil's 770,000 metric tons/year ethylene plant at Fife, Scotland, has fanned demand and widened the arbitrage between the U.S. and Europe, a trading source told OPIS this week. Read More
Asia’s Propane-Butane Spread Narrows on Shift to Mixed US Cargoes
Asia’s propane-butane price spread is narrowing as U.S. suppliers shift from lifting propane-heavy cargoes to evenly split propane-butane mixes, market sources told OPIS. Read More
Rising Prices, Maintenance to Cap Asia’s LPG Cracking in March: OPIS Poll
Flexible crackers in Asia are set to reduce LPG cracking volumes in February and March, as a sustained price rally and a heavy maintenance season in the first quarter continue to keep buying activities at bay, according to the latest monthly OPIS survey. Read More
Chinese LPG Buyers Shift From Term Deals to Spot Buying
Chinese propane dehydrogenation operators have increased spot market activity for LPG cargoes, as buying interest shifts away from term supply contracts amid persistent price and policy uncertainties, industry sources said. Read More
Petchem Consolidation, Rising Prices Curb Asia’s LPG Cracking: OPIS Poll
Asia’s flexible crackers are set to reduce LPG cracking volumes in February as petrochemical consolidation gathers pace in East Asia and LPG prices rise amid tight supply, according to the latest monthly OPIS cracking survey concluded on Jan. 8. Read More
Asia LPG Supply Tightens on Winter Restocking, Cargo Swaps: Sources
Asia’s LPG supply has tightened as importers ramp up buying for winter restocking and cargo swap activity, according to sources, with the market entering backwardation after several months in contango. Read More
Asia’s LPG Cracking to Rise on Lower Prices, Naphtha Supply Risks: OPIS Poll
Asia’s flexible crackers are set to increase LPG cracking volumes in December, driven by a decline in LPG prices and concerns over potential naphtha supply disruptions following U.S. sanctions on Russian oil majors, according to the latest monthly OPIS cracking survey. Read More
OPIS Global LPG: Energy Transfer Opens Fourth Dock at Nederland Terminal
Energy Transfer has announced to delegates at the 2025 OPIS Global LPG Conference in Houston that the fourth dock at its Nederland Terminal on the Texas Gulf Coast began operations on Friday, with all four docks now in use. Read More
OPIS Global LPG: Argentina’s TGS to Treble NGL Output with Vaca Muerta
Excelerate Energy and Transportadora de Gas del Sur (TGS) have announced plans to expand natural gas liquid (NGL) output by more than threefold from the Vaca Muerta project, with a final investment decision (FID) expected in the first quarter 2026, TGS NGL business manager Diego Freire told delegates at the OPIS LPG conference in Houston Friday. Read More
OPIS Global LPG: Mont Belvieu Role Strengthens as NGL Exports Surge
Houston - The U.S. natural gas liquids (NGLs) market has undergone a dramatic transformation since the start of the shale revolution, evolving from a largely domestic industry into the world's leading NGL export center. At the heart of this growth lies Mont Belvieu, Texas, the Gulf Coast hub that has become the epicenter of America's NGL infrastructure, trading, and connectivity. Read More
OPIS Global LPG: ACP Sets Out Timeline for Corridor Pipeline Project
The Panama Canal Authority (ACP) laid out its proposed timeline for its corridor program, targeting a start up of operations in 2030, ACP Chief Business Development Officer Rafael Pirro said at the OPIS LPG conference in Houston. Read More
China-built US Vessels Exempted from Retaliatory Port Fees
Beijing has eased some of its moves to impose retaliatory fees on American vessels calling at Chinese ports, exempting ships built in China that are U.S.-owned or -operated from paying the special port fees. Read More
US-Mexico Energy Trade Drops 21% in 2024 as Crude Imports Decline
The value of energy trade between the U.S. and Mexico in 2024 dropped to its lowest level since 2020 amid falling fuel prices and reduced Mexican oil output, according to a recent report from the U.S. Energy Information Administration using data from the U.S. Census Bureau. Read More
Indian NOCs Seek Inaugural US Term LPG Using OPIS Mont Belvieu Price
State-run refiners Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. have jointly issued the first-ever Indian term tender seeking U.S.-origin LPG cargoes using OPIS Mont Belvieu prices for 2026 delivery, according to a tender document dated Friday. Read More
China Approves Underground Propane Cavern in Ningbo as Bonded Warehouse
China has approved the 2 million cubic meter underground propane cavern operated by Ningbo Baidinian Liquefied Petroleum Gas, a subsidiary of Matheson Energy, as a bonded warehouse, according to a news article published on the Ningbo Customs website on Sept. 10. Read More
OPIS Forum: China’s Primary Energy Consumption Forecast to Grow at Slower Rate
China’s primary energy consumption is expected to maintain its growth momentum till around 2040, albeit at a decelerating pace, according to Sinopec Economics and Development Research Institute at the OPIS Energy and Chemicals Forum in Singapore on Wednesday. Read More
Asia’s LPG Cracking to Fall in October Amid Rising Prices: OPIS Poll
Asia’s flexible crackers are set to reduce LPG cracking volumes in October, as prices climb on stronger demand from Chinese importers following the U.S.-China tariff pause extension, the latest monthly OPIS cracking survey shows. Read More
US-China LPG Trade Flows to Recover in September: Sources
U.S.-origin LPG cargo flows into China are expected to recover next month amid easing uncertainties among Chinese buyers following the Aug. 11 announcement of a tariff truce extension, market sources said. Read More
Asia’s LPG Market Raises Concerns Over Methanol Content in Cargoes
LPG market participants in Asia are raising quality concerns over a growing number of propane cargoes with high levels of methanol—a contaminant which poses risks to operations in the propane dehydrogenation sector. Read More
Asia’s LPG Cracking to Rise in September Despite Trade Tensions: OPIS Poll
Asia’s flexible crackers are set to increase LPG cracking volumes in September, driven by lower prices and ample regional supply, despite renewed trade tensions sparked by new U.S. tariffs across multiple countries, according to the latest monthly OPIS cracking survey. Read More
Asia’s LPG Market Slows Further on Price Increase, Continued Uncertainty
Asia's LPG market activity has slowed even further this week, as non-Chinese importers retreat in response to rising prices and persistent uncertainty following the inconclusive U.S.-China trade talks in Stockholm, trade sources said. Read More
Will European Refinery Run Rises Boost Diesel Yields and Support Margins?
The International Energy Agency’s July Oil Market Report says that European refinery throughput in July 2025 is projected to be 11.3 million barrels/day, up from 11 million b/d in June and 10.9 million b/d in May. The IEA added “the current strong margin environment and rising crude supplies increase the chances that runs will surprise to the upside in the coming months.” Read More
Middle East Gulf LPG Exports Hit Quarterly Record High
Liquefied petroleum gas (LPG) exports from the Middle East Gulf climbed to a record high in the second quarter of the year, exceeding the previous high by 12.9%, data from shipping analytics firm Vortexa showed. Read More
Enterprise Reveals Potential Easing of Curbs on Ethane Exports to China
New York-listed midstream major Enterprise Products Partners disclosed late Wednesday that Washington would allow it to load ethane cargoes destined for China at its Houston Ship Channel docks. But Enterprise or its cargo counterparties will not be able to discharge these shipments in China "without further authorization." Read More