UAE to host 12th LPG trade Summit in October

13 September, 2017
Source: IranOilGas.com

Major LPG Producers, Traders, Suppliers Convene for 12th LPGtrade Summit, which will be held on 23-25 October 2017 in Dubai.

Organized by the Centre for Management Technology (CMT), this summit will focus on the new LPG capacities in the Middle East and the USA’s growing LPG exports into Asia.

Against the backdrop of falling freight rates, higher LPG supplies from the USA and Asia’s rising demand for LPG, CMT’s annual LPG industry meet underscores major trends, defining demand and supply across the regions - mainly the Middle East, Asia, USA and Europe. 

LPG production in the Middle East is a key highlight at the summit. As Iran expects to double LPG production at its South Pars Gas Field, the summit has Iranian Gas Commercial Company (IGCC) discussing the Outlook of LPG Production & Export Capacity in the country. 

North Asia’s LPG market is another focus area with SK Gas, discussing South Korea’s LPG Market, its supply dynamics and demand drivers, while Astomos Energy shares details of ‘LPG Bunkering and Outlook of Japan’s LPG Market’. In addition, Wanhua Petrochemical unveils China’s LPG demand and import growth vis-à-vis its PDH, steam-cracking, butane in gasoline sectors.

Insights into Indonesia’s LPG demand, imports and trade will be presented by state-owned PT Pertamina, as the country prepares to meet at least 70% of its LPG demand in 2017 from overseas. South Asia’s LPG Market, particularly its demand, infrastructure development and import opportunities are covered in three country focused sessions – India by Indian Oil Corp Ltd (IOC), Pakistan by International Petrochemicals (IP Chem) and Bangladesh by Beximco Petroleum.

Other notable sessions of the event include:

-    Export Competitiveness of Middle East’s LPG 
-    Changing Focus of LPG in Europe 
-    The New Reality of the LPG Market: How is this Market Changing? 
-    Sub Saharan LPG Market Potential – Demand, Supply Sources & Infrastructure Development 
-    Managing LPG Trade Flow with the Expanded Panama Canal 
-    LPG Shipping: VLGC Market Outlook - Trade & Fleet Growth, Ship Value Development 

The summit also features a post-conference workshop, ‘LPG: A Byproduct Market Governed by the Economics of Major Markets’, analyzing basic principles of the LPG market and how it is dependent on the economics of oil/oil products, gas and petrochemicals markets. 

For more information or online registration, you may visit the conference webpage at    
http://www.cmtevents.com/aboutevent.aspx?ev=171025&.

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