Africa gaining importance in world LPG trade

Major LPG projects 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. However, at the same time that exports are leveling, increasing domes...

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Bibliographic Details
Published in:The Oil & gas journal 1997-05, Vol.95 (19), p.56-59
Main Authors: HAUN, R.R, OTTO, K.W, WHITLEY, C
Format: Magazinearticle
Language:English
Subjects:
Applied sciences
Energy
Exact sciences and technology
Exports
Fuels
Gas industry
Growth industries
International trade
Liquefied natural gas
Liquefied petroleum gas
LPG
Manycountries
Natural gas
Production capacity
Statistical data
Supplies
Supply & demand
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Summary:Major LPG projects 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. However, at the same time that exports are leveling, increasing domestic demand for LPG 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. World LPG supply for export in 1995 was on the order of 44 million tons with Africa supplying about 4 million tons. By 2005, world export volumes of LPG will reach nearly 70 million tons; Africa's share will have grown to nearly 10 million tons. Virtually all LPG consumption in Africa consists of residential and commercial use.
ISSN:0030-1388
1944-9151