Autogas
Jan 19, 2026
This week we explore a couple of growth scenarios for two of the largest autogas consumers globally: Turkey and S. Korea, highlighting the importance for the LPG industry [...]
Read MoreBalance
Jan 12, 2026
2026 is expected to see significant growth in LPG gas plant production.
With demand within these regions not expected to grow by vast amounts, the majority of the volume will head to the export market.
On the demand side, LPG consumption will see the largest growth in the retail sector [...]
Read MoreProduction
Jan 05, 2026
Recent geopolitical developments in Venezuela have raised significant questions and uncertainty around oil and gas markets, with most attention understandably focused on crude oil production, reserves, and the potential implications for global oil balances. In this article, we aim to unpack the potential impacts on LPG markets, which, while not of the same scale or global influence as crude oil, could still prove meaningful for global LPG dynamics, particularly over the medium term [...]
Read MorePetrochemicals
Dec 15, 2025
In Week 30 we highlighted the growth of US ethylene production in first half 2025. That growth has continued into Q3, according to the latest AFPM figures. Effective capacity utilisation has increased to 89%. As it turned out first-half year official ethylene production was slightly down on our forecast and effective capacity utilisation was only at 84%, so Q3 production represents a major step forward.
Part of the increased production in Q3 went into inventory, but both net ethylene derivative export trade and domestic ethylene derivative consumption were up on Q2 levels [...]
Read MoreTariffs
Dec 08, 2025
2025 was marked by significant volatility, driven largely by the impact of US–China tariffs, which remained the market’s key sensitivity throughout the year. NGLStrategy’s early projections for 2025 did not anticipate the magnitude of these tariffs in the base-case scenario. As a result, the actual tariff levels materially reduced Chinese imports and placed sustained downward pressure on LPG prices in the East. In this week’s update, we revisit several of our 2025 estimates for key indices, originally presented at our 2024 London seminar held in late November 2024 [...]
Read MoreRetail
Dec 01, 2025
With the US-China trade tariffs impacting the LPG seaborne trade market for the majority of 2025, one country which has been seen to increase its supply of LPG from the US as a result is Indonesia [...]
Read MoreShipping
Nov 17, 2025
Among the upcoming developments set to reshape LPG/ethane seaborne trade is a proposed LPG/ethane pipeline project announced by the Panama Canal Authority (ACP) in September. The concept envisions a 76-kilometer LPG and ethane pipeline corridor with transfer capacity of up to 2.5 million barrels per day, linked to marine terminals on both the Atlantic and Pacific, where ships would discharge cargo on the Atlantic side and load on the Pacific side before heading toward Asian markets [...]
Read MorePetrochemicals
Nov 10, 2025
As reported in NGLStrategy’s Weekly Report for Week 35, a number of petrochemical companies in S. Korea announced plans to restructure their operations, which could lead to a reduction in the total ethylene capacity in the country. This week, we look closer at the implications of this reduced naphtha cracking to the Asian region and potential scenarios for overcoming this lost of capacity, including replacement of some of the capacity with ethane [...]
Read MoreChina
Nov 03, 2025
Since the recent US presidential election, relations between the US and China have been at the forefront of geopolitical discussions, and for LPG has resulted in a change in the overall global landscape, primarily as a result of import tariffs, port fees and overall market uncertainty.
According to the General Administration of Customs of the People’s Republic of China (GACC), the volume of propane imported into China from the US has declined by over 4 mm t in the first 9 months of 2025 compared to 2024, at the same time increasing supply from other regions, primarily the Middle East where possible [...]
Read MorePetrochemicals
Oct 27, 2025
It has been well documented that the ethylene industry in Western Europe has been under pressure from the current global overcapacity of ethylene production, with a number of plant closures announced throughout 2025. However, the closure of ethylene capacity in Western Europe has improved average effective ethylene plant operating rates in Europe in the first half of this year, but rates are already falling again in the second half of the year. [...]
Read MoreRetail
Oct 20, 2025
Turkey is one of the world’s dominant players in the Autogas market, ranking second globally after Russia. In 2024, Turkey’s Autogas consumption reached 3.5 mm t, reaffirming Turkey’s position as Europe’s largest user of Autogas and a major global hub for LPG-based transport. Autogas accounts for about 80% of Turkey’s total LPG consumption, making it the primary outlet for LPG demand and underscoring its central role in Turkey’s transport sector. The country is also unique in having more LPG-powered vehicles than gasoline cars, with an estimated 5.2 million Autogas vehicles in operation. One of the reasons for the preference for LPG as a vehicle fuel vs other alternatives is the cost per liter for the user [...]
Read MoreShipping
Oct 13, 2025
On 14 October, China’s special port service fee takes effect on U.S.-related vessels (built, flagged, or owned/operated >25%) calling at Chinese ports. While all shipping segments are affected, the LPG market is particularly exposed as U.S.-owned/operated tonnage faces steep incremental costs in an already weak global LPG environment [...]
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