Petrochemicals
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 [...]
Read MoreUS
Oct 06, 2025
2025 has been an atypical year for global energy markets, including LPG, with geopolitics increasingly steering supply–demand balances and, in turn, pricing outcomes.
Mont Belvieu propane values have remained elevated versus recent years on a sustained basis [...]
Read MoreTariffs
Sep 29, 2025
With the US-China trade tariffs being a dominant part of the LPG market in 2025, both Japan and S. Korea have been at the forefront as well as countries likely to “swap” US origin LPG cargoes for other non-US volume [...]
Read MorePetrochemicals
Sep 22, 2025
For the propane market, one of the key indicators in recent years has been the operating levels of PDH plants in China. A sensitivity to the level of propylene production needed from PDH plants is the supply from other sources in China, such as refineries and steam crackers [...]
Read MoreShipping
Sep 15, 2025
On 14 October, USTR Section 301 port-entry fees take effect on Chinese-owned/operated and Chinese-built vessels. While all shipping segments are affected, the VLGC market is particularly exposed: Chinese-owned/operated tonnage faces steep incremental costs in an already weak global LPG environment. We expect re-routings to mitigate these charges, prioritization of compliant ships, and efforts to avoid further volatility—while preserving export flows and schedule reliability wherever possible [...]
Read MoreProduction
Sep 08, 2025
According to NGLStrategy analysis, total LPG production in Northern Europe was 20.5 mm t from gas plants in 2024. Total production has been in decline compared to levels seen at the start of the decade, with more volume of LPG remaining in the natural gas stream.
Going forward, limited growth is expected with overall natural gas production forecast to decline [...]
Read MorePetrochemicals
Sep 01, 2025
With overcapacity for ethylene continuing and difficult economics persistent for a number of petrochemical players in S. Korea, ten companies have agreed to restructure their operations which is likely to lead to a reduction in the total capacity for cracking naphtha [...]
Read MorePetrochemicals
Aug 11, 2025
The economics of producing ethylene via steam cracking have been challenging for many petrochemical producers in recent years, a trend expected to persist amid continued overcapacity in both ethylene and propylene. In response, several companies have sought to curb losses by closing capacity or shifting feedstocks. NGLStrategy examines the implications of these moves for LPG use among major petrochemical players [...]
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