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2025 outlook for LPG-I: India's demand will be entirely from the residential and commercial segment
Mar 20:
LPG production is expected to remain strong globally, with the US/Canada and the Middle East showing increases in production right up to 2025.
8While Middle East production will continue to grow strongly, a big chunk will be consumed internally
8On the other hand, global LPG demand will also grow, led by Asia and Middle East
82025 projections show residential and commercial LPG demand growing steadily but demand for LPG for use in chemicals and petrochemicals will grow faster
8Roughly half of the global demand up to 2025 is in five countries, including India.
8China and India are the major drivers of global residential and commercial demand growth
8China's demand will be a mixture of both while India's will be almost entirely residential and commercial.
8The US will export propane because domestic demand can't keep up with shale-based production, even at lower oil prices. Exports will also go up as domestic demand get saturated and export terminals become available
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8While Middle East production will continue to grow strongly, a big chunk will be consumed internally
8On the other hand, global LPG demand will also grow, led by Asia and Middle East
82025 projections show residential and commercial LPG demand growing steadily but demand for LPG for use in chemicals and petrochemicals will grow faster
8Roughly half of the global demand up to 2025 is in five countries, including India.
8China and India are the major drivers of global residential and commercial demand growth
8China's demand will be a mixture of both while India's will be almost entirely residential and commercial.
8The US will export propane because domestic demand can't keep up with shale-based production, even at lower oil prices. Exports will also go up as domestic demand get saturated and export terminals become available
Click on Reports for more
