• 9th LPG Trade Summit | 11-13 Nov 2014 - Dubai

    9th LPG Trade Summit | 11-13 Nov 2014 - Dubai

  • 2nd Africa LPG Trade Summit

    2nd Africa LPG Trade Summit

Four Category Winners announced at LPGtrade Awards 2014



Four LPG industry awards were given away at the recently concluded 9th LPG Trade Summit held in The Address Dubai Marina on 11 November, 2014.

CMT’s highly anticipated LPGtrade Awards Night ceremony paid tribute to the outstanding contributions by LPG industry players amidst much fun-fare. The Best Trading Company was awarded to Petredec, while Navigator Gas won the Best Logistics Partner award. Clarksons walked away with the Best Broker award and the coveted Personality of the Year was presented to JC Heard, Naftomar.

Over 150 delegates, speakers, award nominees, guests as well as sponsors and exhibitors attended the awards ceremony, savoring fine food and entertainment. The first-ever LPG Awards conferred by CMT was strictly decided on the basis of voting, conducted online.

The Awards Night was part of the 9th LPG Trade Summit where top-notch speakers from Phillips 66, Poten & Partners (UK) Ltd, SHV Gas Supply & Risk Management SAS, OPIS, Panama Canal Authority, Amexgas, Astomos, E1 Corporation, Oriental Energy Company Limited, FACTS Global Energy, Dorian LPG Ltd., Viamar AS, Libra Fearnley Energy and F M Energy Services participated.

Phillips 66 and the Vitol Group were the Corporate Sponsors while Nimex Petroleum Group was the Coffee Break sponsor of this summit.

Visit CMT website or Contact Ms. Huiyan at +65 6346 9113 for information on upcoming events.

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Japan reports rise in July LPG stocks by 4% from June with imports increasing 27%

Japan LPGas Association reported that LPG stocks in Japan increased for the third-straight month in July. The stocks registered a rise of 4.03% as compared to June to 1.907 million mt. The rise is attributed to higher imports of 26.7% month on month to 958,000 mt at the end of July. This rise marks a rebound from a downtrend observed since March, the association’s data revealed.

The data also showed import terminal running stocks or supplies reporting an increase by 33% month on month to 310,000 mt in July, after it rose 55.3% to 233,000 mt in June.

While total LPG stocks decreased 5.2% year on year, propane stocks rose 11.3% month on month to 1.218 million mt in July making propane the number one among other inventories. Butane, on the other hand, saw a continued fall of its stocks, down 7.3% to 689,000 mt, according to the data.

The report further states that the total demand for LPG in July surged 20.1% month on month to 1.149 million mt, recovering after sliding 17% in June to 957,000 mt.

The rise is attributed to the rise in electricity demand to 118,000 mt in July, as the cooler weather continued in Japan leading to more use of hot water heaters, though air conditioners’ demand remained weak.

The industry was worried over high freight rates on the Persian Gulf-to-Japan route, which registered a record peak of around $140/mt in late July. Cargoes had a difficult time moving from the Middle East on an FOB basis. But traders opine that cargoes from the Atlantic Basin filled up the gap.

More on LPG trade patterns will be discussed at 9th LPG Trade Summit opening on 11-13 November, 2014 in Dubai.

Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.

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Iran to enhance gas production, ready to supply gas to Kuwait, Turkey

Iran is geographically blessed when it comes to natural gas. The country has the world’s largest natural gas reserves. Therefore, Iran has been looking at various avenues to augment its gas production by attracting foreign and domestic investment, especially in its South Pars gas field.

The Islamic Republic of Iran is now geared to provide natural gas and liquefied petroleum gas (LPG) to Kuwait and Turkey.

Iran will supply gas to Turkey via a pipeline. The price of the exported gas will be arrived upon on mutually by the two countries.

Iran is also set to supply sulfur and LPG to Kuwait.

Moreover, the country is also seeking investments into its hydrocarbon projects from Kuwaiti financiers. The country has already submitted a package of oil and gas investment projects to Kuwaiti investors.

The draft model of new oil contracts was recently shared by Iran’s Oil Ministry, which is geared towards bringing in more foreign companies to develop Iranian hydrocarbon reservoirs.

Since foreign companies are no longer interested in “buy-back” contracts, the Iranian Petroleum Contract (IPC) will be replacing them to attract investors.

As per the IPC, National Iranian Oil Company (NIOC) is allowed to establish joint ventures for crude oil and gas production with international companies, which will be paid with a share of the output.

More LPG business opportunities will be discussed at 9th LPG Trade Summit coming to Dubai on 11-13 November, 2014.

Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.


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CMT to hold LPGtrade Awards 2014 under its flagship event – 9th LPG Trade Summit

LPGtrade Awards Night 2014CMT is proud to announce the LPGtrade Awards Night to be held at the 9th LPGtrade Summit this November 11-13 in Dubai.

CMT will recognize the outstanding contributions by LPG industry players with four categories of awards:

  1. Best Trading Company 2014
  2. Best Logistics Partner (Shipping) 2014
  3. Best Broker 2014
  4. Personality of the Year 2014

The LPGtrade Awards night promises a huge congregation of the LPG industry stakeholders, who also partake in the 3 day conference. It is also expected that networking on the Awards Night will be a key reason for attendance, where buyers, suppliers and industry stakeholders are expected to forge partnerships.

The CMT LPGtrade Awards 2014 will be decided strictly on the basis of voting. Nomination for the 4 award categories are already declared open and closes on July 31, 2014.

Questions related to LPG Trade Awards 2014 can be directed to Ms. Huiyan at huiyan@cmtsp.com.sg or +65 6346 9113.

More information on the LPG Trade Awards 2014 is available on the 9th LPG Trade Summit website>>>

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Read extensive media coverage below by Qatari press on our 8th LPG Trade Summit held recently in Doha Qatar on 18-20 Nov

Can Abu Dhabi match top LPG producer Qatar?

With two new gas projects coming onstream, Abu Dhabi’s LPG output is set to see a stark increase of 3.6 million mt from this year’s output to 13.761 million mt by 2017, rocking Qatar’s status as the top Middle Eastern LPG producer and exporter.

The two new gas projects comprise of the 3.3 million mt/yr Integrated Gas Development and 810,000mt/yr Shah Gas Development, both slated to come onstream in the fourth quarter of 2013 and 2014 respectively.

LPG production in Abu Dhabi is forecasted to see an 11-12% increase over the next two years before slowing down to hit 13.761 million mt in 2017. Despite the substantial growth, the actual export values cannot be determined as the region’s domestic demand is growing as well.

Apart from potential increase in power utilities, Abu Dhabi will also see a greater cut of LPG going towards the petrochemical sector with the development of Madeenat ChemaWeyaat Al Gharbia chemicals industrial city in western Abu Dhabi. Fortunately, Qatar’s increased attention in its petrochemicals sector will also see an increased consumption in Qatar’s LPG feedstock.

With new projects and plans coming onstream, the LPG sector in Middle East remains competitive, presenting multiple opportunities and possibilities. Industry leaders are set to convene in Doha this November 18-20 at CMT’s 8th LPG Trade Summit for more timely updates, discussions and networking opportunities.

For  more information on the 8th LPG Trade Summit, visit the Event Page or contact Ms. Huiyan at huiyan@cmtsp.com.sg or Tel. +65 6346 9113.

Read more: Abu Dhabi set to rival Qatar as top LPG producer: ADNOC exec

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Shale LPG fuels U.S. to become net exporter and propels China’s PDH projects

Game-changing shale LPG has charged up U.S., making it a net exporter for the first time in 40 years.

According to the U.S. Energy Information Administration, in the first 11 months of 2012, daily LPG shipments were recorded at 194,000 barrels, higher than the country’s imports which stood at 169,700 barrels.

Seaborne LPG trade is expected to increase about 16% from 2010’s figures to 100.6 million metric tons this year, with U.S. exports likely to chalk up more than 5 million tons this year, up from last year’s 3.7 million. Encouraging industry signs have also put a forecast figure of next year’s export at 7 million tons.

Exports of propane will also see a positive upturn as Asia’s giant, China, creates a surge in demand in lieu of the 17 new propane dehydrogenation projects (PDH) that are coming onstream as soon as 2015. Although China can import high-purity propane from both US and Middle East, the lower cost US shale gas-derived propane is a major draw for the industry and is likely to cause a shift in trade.

The shale gas phenomena will have a ripple effect on the logistics and shipment sector, where service providers are likely to witness an uptake in business. Orders have since been sent out from shipyards, requesting for vessels specially designed to cater to LPG and petrochemical gases transportations, leading to a huge impact on the sector although the types and numbers of ships required is still unknown. As of now, ZOUEC is building six vessels with a shipbuilder, with the first 44,000 tonnes capacity LPG vessel coming onstream by the end of 2014.

The LPG industry remains upbeat as the shale gas boom brings more opportunities and interest areas in both upstream and downstream sectors.

Further discussions on the trade dynamics and market outlook will commence in Doha this November 18-20 when industry leaders convene at the 8th LPG Trade Summit.

For more information on the summit, please visit the Event Page or contact Ms. Huiyan at huiyan@cmtsp.com.sg or Tel. +65 6346 9113.

Read more:
Shale LPG poised to make U.S. net exporter for first year
China propane imports to surge on new PDH projects


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Bayegan endorses 7th LPG Trade Summit as Platinum Sponsor and host of Gala Dinner in Istanbul

In less than a month, key industry players and experts will be convening in Istanbul, Turkey, for the 2 day 7th LPG Trade Summit, organized by CMT with Platinum Sponsor, Bayegan.

An industry powerhouse with proven track record, Bayegan will play host of the Gala Dinner at the Galata Tower, one of the most striking landmarks in the city. All the speakers and participants of the event are invited to the dinner, a perfect opportunity to network and socialize while enjoying the scenic night view of the surrounding that exudes a tinge of historical elegance and rich Turkish culture. A line-up of orchestra and other performances has also been arranged to make this trade event a memorable one. See program itinerary below:

7th LPG Trade SummitGala Dinner at the Galata Tower

19:00 – Gather at Mövenpick Hotel lobby for transfer

19:30 – Arrive at Galata Tower

19:45 – Networking Reception

20:00 – Orchestra starts, followed by Dinner

20:30 – Performance

23:00 – Transfer Mövenpick Hotel Istanbul

Dress code: Business Casual

Don’t miss out on this golden opportunity to meet experts and decision makers from the industry. Register your team now or contact Ms. Huiyan at huiyan@cmtsp.com.sg for further queries.

Click HERE for the full agenda! 

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8% increase in LPG exports from ME to Asia; exports are main driver behind ships market growth

Global maritime consultants Drewry said in a report that the LPG (Liquefied Petroleum Gas) exports from the Middle East to Asia have driven the steady growth of the LPG fleet worldwide. It forecasts that due to strong LPG exports, demand for vessels will remain firm.

The industry analyst said the LPG shipping market has gained steadily over the year. Drewry said that firm demand from Asia and increased exports from Middle East have kept the market for larger vessels afloat. LPG export from Middle East to the Asian market grew 8% quarter on quarter to 8.7 million tons in April-June and 7% higher than in the same period last year.

Drewry said in a statement that rising LPG supply in Middle East coupled with relatively lower prices prompted nations to store. “Almost all Asian countries seemed to be scurrying to fill up their stocks in view of lower prices, coupled with instances of loading and unloading delays at a few ports, which further held up tonnage.”

More updates on outlook of LPG shipping market & freight rates will be available at the 7th LPG Trade Summit in Istanbul on 12-13 November. Pre-Register now or contact Ms. Huiyan at huiyan@cmtsp.com.sg for further queries.

Read complete article here.


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Global LPG demand on all-time high; rises by 1.4%

Heavy global extraction and refining of natural gas and oil is generating mass quantities of LPG for shipment. According to Oslo consultants, Lorentzen & Stemoco A/S, LPG trade will rise 3.9% this year and fleet growth by 2%. Five analysts’ estimates compiled by Bloomberg revealed that Exmar NV which operates 29 vessels will return to profit. The Middle East ranked the highest in export, while Asia is the largest buyer. Asia will use 3.4% more as shipments from the Middle East. The Middle East will also account for 29% of production growth and Asia, 90% of additional buying.

In the past decade, there has been a growing need for Exmar and BW Group Ltd.’s ships as global refinery capacity rose 11%. Steve Engelen, the manager of research and projects at Joachim Grieg & Co., said, “This market was in the doldrums for years, but now there are not many new ships and volumes are increasing. The additional volumes of LPG in the Middle East are so big they have to export, rather than consume them domestically.”

Also, JBC Energy’s findings confirm that global LPG demand will advance 1.4% to an all-time high of about 232 million tons this year.

In view of the rising supply and demand of LPG, the global LPG market, Incremental production & export growth in Black Sea, Middle East, North Africa and North Sea, as well as China & rest of Asia’s LPG demand are some of the key insightful topics that will shape the discussions at CMT’s upcoming 7th LPG Trade Summit on 12-13 November 2012 in Istanbul.

Watch this space for conference details which will be available soon. Meanwhile, one can Pre-Register to reserve places for the event.

For further details, contact huiyan@cmtsp.com.sg

View complete article here.

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