The summit focused on production arising from the Middle East and the plans on export capacity. It also assessed demand with reference to key import countries including Korea, China, India, Brazil, Vietnam and Thailand. Speakers also provided latest updates on feedstock economics for the petrochemicals sector.

Official host ADNOC (Abu Dhabi National Oil Company) sponsored an exclusive gala dinner for the delegates on the opening night. ADNOC’s Gas Sales Manager, Mr. Abdulla Sultan Al Nuaimi, also spoke at the 5^th LPG Trade Summit addressing the growth in Abu Dhabi’s LPG.

Apart from the main summit, an optional pre-conference workshop was held on 24 October for delegates. Led by renowned consultant Dr. Amir Alizadeh, the workshop gave practical insights on LPG shipping economics and risk management.

Be on the lookout for the next LPG Trade Summit, likely to be held in Istanbul, Turkey from the 31 Oct – 2 Nov 2011. For further details please contact Ms. Fu Huiyan at huiyan@cmtsp.com.sg.

In the meantime here’s  a short video of selected photos from the event.

(please click here if you cannot view video)

If you prefer to view all photos, click here to download from our ALBUM GALLERY.

With supply still tight, few sellers were keen on offloading October parcels amid the steep contango between October and November arrival cargoes.

Spot demand continued to surface from Vietnam, with a state-owned importer seeking 2,000t for first-half October arrival. Negotiations were underway, with the buyer bidding at October CP + $60/t cfr against sellers’ offers $10-15/t higher.

Argus provides the most widely used price benchmarks for the international LPG markets. Argus LPG prices are used extensively in spot and term contracts, swaps and other derivatives. It is also used in internal transfer prices, mark-to-market and market analysis. For more information, visit www.argusmedia.com.

CMT is proud to have Argus Media as one of the official media partners and exhibitors at the 5^th LPG Summit in Abu Dhabi. They will be addressing the Evolving East of Suez LPG Markets, spotlighting on:

• The impact of growing AG supplies on global trading patterns
• Performance of the mixed cargo market
• Evolution of benchmark methodologies
• Comparisons between CP (term market) and FEI (spot market)

Those keen on participating at the conference can send enquiries to Huiyan at huiyan@cmtsp.com.sg.

Following August’s retreat from exceptional high volumes in June and July, Average LPG import in September is expected to continue slip down to 82,000 bd.

Domestic LPG prices tend to go strengthening, when preparing cooling down weather and the heating season. Guangdong, the main LPG consuming province, is to regulate the DME blending market, potentially providing support to LPG prices, too.

Source: http://www.glgroup.com/News/LPG-Demand-in-China-Stays-in-a-Light-Season-in-September-50410.html

Domestic LPG production in China has relaxed for the moment, but this may change with expected strengthening of LPG prices in the coming winter season when demand rises.

The 5th LPG Trade Summit will provide informed insights on the LPG economy in this region with our topic on:

China’s LPG Market – Demand, Imports and Impact from Rise of Domestic LPG Production from the Chinese Refining

• Demand Pattern versus Import Market Outlook
• Fluctuation of LPG Import Under the Impact of Abundant Domestic Production

Mr. Jacky Cai, LPG Procurement Director
Jovo Energy Co. Ltd.

Click here for more information on the conference.

A new surge in LPG (liquefied petroleum gas) supplies from producers in the Middle East and even West Africa are contributing to the increase in LPG exports in the market. With the growth of demand for LPG, new opportunities and emerging markets are surfacing as the impact on the industry begins to reveal itself.

More than 15 industry executives consisting major producers, exporters and importers from various corporations will give their key updates at this year’s 5th LPG Trade (Liquefied Petroleum Gas) Summit conference in Abu Dhabi on 25-26 October. The conference is set to provide global stakeholders with latest updates on LPG major market-shapers, current growth analysis and future industry outlook.

With ADNOC (Abu Dhabi National Oil Company) as the official host for the 5th LPG Trade Summit, the conference’s profile has taken another step towards being one of the most important LPG events in the region. Given their strong support for the event, ADNOC is hosting an exclusive Gala Dinner reception on the evening of 25th October for all conference speakers and participants. Additionally, ADNOC will also deliver the opening address on “Aspiring Production & Export Growth of Abu Dhabi’s LPG” to be presented by Mr. Abdulla Sultan Al Nuaimi, a Gas Sales Manager who has been with ADNOC for 9 years and currently oversees the company’s operations in Natural Gas and the LPG sales locally and internationally.

The 5th LPG Trade Summit offers focused updates on pertinent LPG market issues, including:

• Abu Dhabi: Growth of production and export strategy
• Impact from the rise in global LPG production from the Middle East & Corresponding Growth in Demand
• Evaluate the competitiveness of LPG as petrochemical feedstock, & update on the recovery of the petchem sector
• Growth of LPG usage in the transportation fuels market with focus on the growing India’s market
• Gain insights on what’s happening in China and India and how domestic production can dampen imports
• Opportunities available in emerging markets: Brazil and Oman

The long-awaited upsurge in LPG exports has finally begun. Increased supplies from the Middle East (especially Qatar and Abu Dhabi) are starting to reach the market. More production is also emerging from West Africa.

A new addition to this year’s program is a separately bookable pre-conference workshop on “LPG Shipping Economics and Risk Management”. The full-day program on the 24 October will be led by Dr Amir Alizadeh, BSc, Msc, PhD, thus providing an option for delegates who are arriving earlier for the ensuing two days event.

Another main highlight at the conference will be a panel discussion on the “Economics & Risk Management of LPG Shipping” by representatives from Poten & Partners, Viamar AS, Eagle Ocean Transport Inc., and A.P. Moller – Maersk A/S. Participants will also have the chance to hear from Mr Win Thein Maung, Executive Director of Morgan Stanley Capital Group Inc., as he present his topic on “Managing Risk Exposures & Building Successful Businesses in LPG”.

Following a successful 4th LPG Trade Summit conference last year in Qatar which garnered almost 250 attendees, registrants can look forward to interact with key speakers and representatives from major LPG suppliers and traders speaking on the future LPG supply from their companies, and potentially discuss long-term supply contracts.

5th LPG Trade Summit is now accepting registrations for the conference, as well as enquiries on sponsorship packages, media partnerships and exhibition space. For further enquiries, contact Ms Nisha Goshawk at +65 6346 9130 for detailed information today.

The workshop aims to present a thorough and practical insight into the LPG shipping economics and business, raise market awareness of risks involved in LPG shipping, and discuss various physical and derivatives instruments which can be used to control risks efficiently and effectively address the multi-faceted issues of LPG transport.

This full day workshop comprises of six sessions, each followed by open participant discussion. The agenda of this course is all-encompassing and its applications can be useful not only to LPG owners, operators, and managers, as well as LPG shipbrokers, traders, and investors, but also to those involved in LPG ship finance activities, researchers, consultants and shipping funds investors.

Click here for a the detailed program on the workshop or contact Nadia at nadia@cmtsp.com.sg on how to register for this workshop.

The government, which freed petrol price and increased diesel, kerosene and LPG prices in June, is yet to come out with subsidy sharing mechanism for the underrecoveries.

Source: http://www.business-standard.com/india/news/omcs-uncertainproducers-certain-about-future/403747/

In an interview with Ajay Modi & Jyoti Mukul, its Chairman and Managing Director, B M Bansal, says the freeing of petrol prices will only help in improving cash flow and the government is still expected to pick the tab for kerosene and LPG subsidy.

Source: http://www.business-standard.com/india/news/q/400869/

Now that the Indian government has freed petrol prices and increased LPG prices, the fate of the petroleum gas in India’s transportation market is challenged. Also, the increase in domestic production of LPG in India has tipped the balance on the global import capacity.

The 5^th LPG Trade Summit taking place in Abu Dhabi from 25-26 October is proud to announce the addressing of the above concerns via two distinguished sessions:

LPG’s Competitiveness as Autogas in India’s Transportation Market
Mr. Suyash Gupta, General Secretary, Indian Auto LPG Coalition

India’s LPG production and Imports Outlook
Senior Representative, India Oil Corp (IOC)

For more information on other topics and speakers line-up, please click here.

Those looking for more details and/or keen on attending the conference in Abu Dhabi from 25-26 October, 2010, can write to Huiyan at huiyan@cmtsp.com.sg.

On July 9, 2010 Estaleiro Promar S.A. signed 8 contracts to build LPG Carriers for Transpetro, the shipping arm of the Brazilian oil giant Petrobras (NYSE:PBR). The contracts amounts US $536 million, comprising the construction of two different types of LPG Carriers: fully pressurized with cargo capacity of 7.000 m3 (4 units) and 4.000 m3 (2 units) and semi-refrigerated with cargo capacity of 12.000 m3 (2 units).

http://www.pennenergy.com/index/petroleum/display/1240981003/articles/pennenergy/petroleum/pipelines/2010/07/stx-nabs_eight_newbuilding.html

As is attested by the report above, Petrobras – one of the many distinguished companies speaking at the 5^th LPG Trade Summit – is dedicated to some serious investment in their shipping business and perhaps import capacity of LPG.

5^th LPG Trade Summit, with the theme ‘Aligning the incremental export capacity with demand growth or competitive economics?’ takes a look at LPG in the shipping market –  on the availability, trade route & freight rate.

The conference also zooms in on how the LPG industry is shifting towards the Western Markets like Europe, Latin America and the US Gulf.

We are currently finalizing the program details and will update the event schedule very soon.

Click here for a list of confirmed speakers and topic highlights to date.

Here’s a snap shot of the participants profile at our 4th LPGTrade Summit in Doha last November : LPG/LNG Producers, International & National Oil Companies, Importers, Marketers & Traders, Brokers, Charterer and Shipping Companies, Consultants, Financial Institutions, and other LPG End Users from over 30 countries!

So if you are part of this profile and want to have the latest updates in the movement of LPG or meet with the movers and shakers of the LPG industry then you must attend this global event.

Don’t delay, >>send in your registrations<< early to reserve your place at this must-attend conference for the LPG industry.

“Qatar will produce 12.6 million tonnes per year (tpy) of liquefied petroleum gas (LPG) by 2012, up from 8.2 million tpy now, making it one of the biggest LPG producers in the Middle East, the CEO of Qatar International Petroleum Marketing Co, also known as Tasweeq, said on Wednesday.” ~Reuters, 5 May

“JS Private Equity Fund has expressed intention to acquire 15.374 million shares, representing 67.91 per cent of the issued share capital of Shell Gas LPG (Pakistan) Limited, according to a notice sent to the Karachi Stock Exchange on Tuesday.” ~ Pakistan Tribune, 5 May

“Worldwide trade in LPG will increase over the near term with a growing surplus in markets east of the Suez Canal pushing more LPG into western markets. In the West, more LPG will become petrochemical feedstock in that price-sensitive market…Overall, worldwide LPG growth through 2013 will average about 3.5%/year.” ~ Oil & Gas Journal, March 2010

As the world moves out of recession, the markets to watch will still be in the Middle East where rapid petrochemical expansions and growing domestic/commercial use are creating strong demand.

But will demand be sufficient to absorb supply? Supply growth among Middle Eastern producers is also expected to especially strong, specifically in Iran, Qatar, and Abu Dhabi, increasing by about 14 million tonnes by 2013 according to Purvin & Gertz’ latest estimates.

The best place to make sense of the LPG markets for 2010 and beyond is at the 5th LPGtrade Summit, meeting in Abu Dhabi from 25-27 October this year. Participants can look forward to high-level discussions on latest trends shaping the LPG business, including LPG capacity additions in the UAE & other Middle East states, as well as the demand revival in key regional LPG markets.

5th LPGtrade Summit is part of the annual LPG conference that meets around the world to offer market updates, and networking opportunities. Last year’s headline making conference saw participation from over 350 of the most influential LPG executives from over 31 countries!

Watch out for our updates on 5th LPGtrade Summit, which will be coming soon!

In the mean time, mark the dates 25-27 October in your calendars, and send in your pre-registrations for 5th LPGtrade Summit to Ms. Nadia Albahar at nadia@cmtsp.com.sg.

Keynote Address- 4th LPGtrade Summit

 Making plans for 5th LPGtrade Summit? Yes the LPG World’s most popular conference is back for 2010, meeting on 25-27 October! Look forward to an exciting 3 day event packed with essential industry updates, and valuable networking!  

But don’t take our word for it. See what your industry peers said about last year’s conference:
 

4th LPGtrade Gala Dinner

Don’t miss out on  5th LPGtrade Summit, the “most interesting conference (you) will ever attend!”  (Review from 2009 attendee) 

If you are keen to register, or  explore sponsorship and media exchange opportunities, enquire with Ms. Nadia AlBahar at nadia@cmtsp.com.sg.  

In the mean time, stay tuned for exciting updates on the conference agenda and fringe events.