LPG sector continues to grow reasonably steadily and we are strategically positioned to take advantage of increasing gas demand from the developing world. LPG is a cleaner and affordable alternative for meeting energy needs and current environmental trends are in favour of the use of alternative fuels.
Why Invest in LPG?
LPG can be accessible to everyone everywhere today without major infrastructure investment, particularly in areas of developing countries with no access to modern, grid-based energy. Nothing needs to be invented and there are enough reserves to last many decades.
LPG is very clean burning and has lower greenhouse gas emissions than any other fossil fuel when measured on a total fuel cycle. Originating mainly from natural gas production, it will not contaminate soil or aquifers in the event of a leak.
LPG is a multi-purpose energy. There are more than a thousand applications, from cooking, heating, air conditioning and transportation, to cigarette lighters and even the Olympic torch.
LPG is cost-effective, since a high proportion of its energy content is converted into heat. LP Gas can be up to five times more efficient than traditional fuels, resulting in less energy wastage and better use of our planet's resources.
LPG can be transported, stored, and used virtually anywhere in the world. It does not require a fixed network and will not deteriorate over time.
LPG compared to other fuels has an excellent safety record worldwide when handled properly and is non-toxic.
The Story of LPG
- The LPG market is predominantly supply driven by natural gas and crude oil production levels.
- The first commercial production had to wait until the 1920's.
- The first international trade until the 1950's.
- Seaborne trade in LPG was less than 1 million tons in 1960; it reached 17 million tons by 1980, and 48 million tons by 2000.
- Worldwide LPG consumption has increased by an average of 2.4% annually since 2000 to over 250 million tonnes in 2010 and is expected to reach 270 million tonnes in 2012.
- Trading patterns are dependent on geographical price differences, alternative feedstock prices and seasonal variations in demand where winter heating demand is a key factor.
LPG, the World's Multi-Purpose Energy
For LPG, the growth momentum in the last decades of the twentieth century has shifted from the Western world to Middle East and the Far East in particular. However about half of total LPG demand comes from the residential-commercial market. The attractiveness of LPG as a household cooking and heating fuel with its clean portable energy for a minimum of investment has proven to be universal.
|LPG serves an amazingly wide variety of uses such as:
That's why it is referred to as the world's most multi-purpose energy.
LPG consumption has increased by an average of 2.4% annually since 2000 to over 250 million tones in 2010 and is expected to reach 270 million tones in 2012.