08.30 Registration and breakfast
09.15 Welcome remarks
- Michael Panas,
Managing Consultant, NGLStrategy
09.20 What lies in store for the LPG market in 2026?
- Emma Lamb,
Lead Consultant, NGLStrategy
Trade tariffs, unrest in the Middle East, and ongoing sanctions in Iran and Russia have reshaped the LPG market in 2025, creating a new operating environment. Understanding the shifting fundamentals of propane and butane supply and demand has never been more critical.
This session will review the key market developments of 2025 and present NGLStrategy’s outlook for 2026, including the drivers behind our base case scenario.
Topics which may be included:
- Trends in US production, inventory levels and exports
- Implications of expanded US terminal capacity
- US-China trade relationship impact on ton-miles
- Demand growth outlets for petrochemicals and retail applications
- VLGC supply and demand dynamics
- Global petrochemical demand forecasts and margin trends
- Middle East export expectations
- A comprehensive analysis of the supply chain from the US to the Far East
10.00 Market disruptors & scenarios
- Michael Panas,
Managing Consultant, NGLStrategy
An increasing number of market sensitivities have added complexity to the LPG market in 2025. As we look ahead to 2026, this trend shows no signs of abating. Therefore, it is important to understand what different scenarios could mean for the global market.
The US-China trade balance is precarious and can be influenced by a number of factors. This presentation will explore a number of these factors, providing attendees with an understanding of the limitations for the market.
Some scenarios which may be explored:
- What influence will a greater increase in propylene demand have on Chinese propane demand?
- What would be the effect of changing oil and natural gas production and economics in the US on LPG production? How will NGL production be affected by the changing dynamics?
- How US exports and inventory levels will be affected by export terminal capacity constraints, additions and domestic supply/demand dynamics?
- What will be the role in the short-term of the Middle East exports? Could they influence competing importing regions for US producers/exporters?
- How will varying levels of Panama Canal transits influence freight rates and delivery times of US material to the East?
- How could the US-Far East arbs be influenced by market economics and how could this affect VLGC freight rates and US Mont Belvieu price?
- In the last 12 months, we witnessed a large influx of Very Large Liquid Carriers in the orderbook. Will the new VLECs and VLACs be utilized in ethane and ammonia trades in the medium-term or they will be competing in the LPG seaborne trade market adding pressure to the VLGC sector?
10.45 Q&A
11.00 Networking & Coffee
12.00 End of event
Date & Time
Wednesday, 26th November 2025
Registration from 8.30am
Breakfast provided with networking coffee and presentations