Iran is planning to increase LPG exports to African and European countries. The country is already exporting a bulk of its LPG to Asian countries – particularly China, India and Pakistan. It also exports to Iraq and a few other neighboring countries.
China is one of the major importers of Iran’s LPG and sulfur. It’s estimated that Iran earns approximately $1 billion annually from LPG shipments.
Iran is in talks with Turkey for exporting LPG supplies as well as eyeing more supplies to its existing customer – India.
Due to the US-led sanctions, Iran is not able to ship LPG to European countries, but negotiations are being conducted to start exports to Spain, said Mohammad Ali Barati, the managing director of the Iranian Gas Commercial Company (IGCC).
Africa is another market that Iran is eyeing. It already exports LPG to Kenya through its main port of Mombasa. However, Iran is facing challenges of shipping to other parts of Africa due to the lack of large dockyard facilities. For the time being, it is looking at big ships to transfer their cargo to smaller vessels on high seas in order to export LPG to Mozambique, Ghana and West African countries.
Iran is also doubling its fleet of carriers for shipment of LPG to the international market. The country has added 15 carriers in the past couple of years to ship LPG cargoes to its clients.
10th LPGTrade Summit on 23-25 November, 2015, in Istanbul will analyse the LPG demand and supply chain in greater detail.
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