Дорогие друзья! Больше трех лет я рассказываю вам об основных новостях, событиях, трендах на мировом рынке нефти и газа. Я делаю это бесплатно и без рекламы. Поэтому я прошу вас о помощи. Wognews нуждается в развитии. Вас больше 20 000 человек из более чем 80 стран мира. Если каждый пожертвует небольшую сумму денег, 500 или 1000 рублей, или больше, wognews станет лучше. Спасибо, Владимир Виноградов, основатель wognews.

Dear friends! For more than three years I've been telling you about the main news, events, trends in the world oil and gas market. I do it for free and without advertising. Therefore I ask you for help. Wognews needs development. You are more than 20 000 people from more than 80 countries. If each donate a small amount of money, $10, $20, $30 or more, wognews will become better. Thank you, Vladimir Vinogradov, the founder of wognews.
2016-05-26 20:50:00

U.S. LPG EXPORT UP

U.S. LPG EXPORT UP

Asian petrochemical makers will use around twice as much liquefied petroleum gas (LPG) in June as in the previous two months, undercutting already weak margins being earned on traditional chemical feedstock naphtha, trade sources said.

U.S. exports of LPG to Asia are hitting their highest rates ever this year and exacerbating the usual seasonal May-July pick-up in use of the fuel in cracking plants.

This will put more short-term pressure on naphtha cracks, or profits earned from making the light fuel, which have weakened as refiners ramped up processing rates because of cheap crude.

The weak cracks will in turn drag on overall refining margins, which had previously been supported as strong demand for gasoline and naphtha offset poor markets for other fuels.

"U.S. LPG exports this month are high. Propane will certainly stay in the cracking pool this summer," said one Singapore-based source who trades naphtha. "LPG used (in crackers) in July could go over 350,000 tonnes. It could even reach 400,000 tonnes."

Asian naphtha cracks for May 3-23 averaged $56.40 a tonne, the lowest for the same period since 2009.

Still, petrochemical plants will likely return to using mostly naphtha from August. LPG is mainly an alternative that becomes attractive when it is not needed for winter heating demand or other industrial uses.

Asian petrochemical makers usually replace up to 15% of their naphtha with LPG when prices for the second feedstock are about 92-93% of the naphtha price.

LPG prices on May 23 for first-half July were $345 to $361 a tonne, less than 90% of a naphtha price at $417.50, data from brokerage Ginga Petroleum showed.

LPG Flows

For June, at least 300,000 tonnes of LPG are expected to replace naphtha in Asian crackers, up from under 200,000 and 150,000 tonnes respectively in May and April, traders said.

If substitution climbs to 400,000 tonnes in July, that would match a monthly record touched in June 2014, based on traders' estimates. There is no official data tracking the use of LPG as a chemical feedstock.

"Higher global LPG availability in 2015, on the back of strong supply growth, has certainly filtered through to flows to Asia in the short-term," said David Wech, managing director of consultancy firm JBC Energy.

But he added that a relatively greater potential for a cold winter could lead to stronger demand and higher prices for LPG as early as August.

Demand for LPG as a feed for refining units that produce propylene, a precursor to plastics, could also mop up the extra supplies and push prices up.

U.S. LPG exports to Asia this year are expected to hit a record of 300,000 bpd—nearly 800,000 tonnes a month—data from JBC Energy showed.

Exports from the United States to Asia in May are expected to be similar to a monthly record of about 1 million tonnes in February, consulting firm IHS said.

Asia's top naphtha importer Formosa Petrochemical Corp in Taiwan has revamped its crackers and South Korea's Hanwha Total Petrochemical has built a storage tank to prepare for a flood of LPG expected to hit Asian shores.

Petrochemical consumption will account for 15% of total Asian LPG usage by 2017, up from 11% in 2015, according to IHS.

gasprocessingnews.com

-----

Earlier: 

АСЕАН: РАСТУЩИЙ РЫНОК 

ASIAN GROWTH IS GLOBAL 

DOUBLE IRANIAN LPG

 

 

 

 

Tags: USA, LPG, EXPORT, ASIA

Chronicle:

U.S. LPG EXPORT UP
September, 22, 09:20:00

OIL PRICE: NOT ABOVE $57

International benchmark Brent crude futures were at $56.51 a barrel at 0644 GMT, up 8 cents, or 0.14 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were up 12 cents, or 0.24 percent, at $50.67 per barrel.

U.S. LPG EXPORT UP
September, 22, 09:15:00

СОТРУДНИЧЕСТВО АЛЖИРА И РОССИИ

Руководители энергетических ведомств России и Алжира обсудили состояние и перспективы двустороннего сотрудничества, а также совместную деятельность в многосторонних форматах, в том числе взаимодействие в рамках Форума стран-экспортеров газа. Также речь шла о взаимодействии в рамках соглашения ОПЕК+ по сокращению объемов добычи нефти. Стороны подтвердили приверженность исполнению взятых обязательств по достижению скорейшей ребалансировки нефтяного рынка.

U.S. LPG EXPORT UP
September, 22, 09:10:00

ГАЗ РОССИИ ДЛЯ МАРОККО

Александр Новак отметил, что Россия занимает лидирующие позиции в мире в области топливно-энергетического комплекса, в частности, первое место по добыче нефти, второе место по добыче газа. «При этом Россия - номер один по экспорту газа. Мы добываем 670 млрд кубических метров газа, из них 220 млрд поставляем в другие страны различными способами – трубопроводным и сжиженным», - подчеркнул Министр.

U.S. LPG EXPORT UP
September, 22, 09:05:00

НОВЫЕ ТЕХНОЛОГИИ РОССИИ

Кирилл Молодцов также сообщил о применении новых технологий в сфере нефтегазодобычи. «Из общего количества технологий, а их насчитывается примерно 600, более 300 производятся в России. Более двухсот имеют российские наработки и аналоги, то есть практически имеют стадию разработки проекта. Есть технологии, которые нас сильно волнуют, и мы будем развивать их дальше. Это абсолютно автономные системы добычи, окончание морских месторождений, забуривание, возможности создания и развития проектов в Арктике», - заключил Кирилл Молодцов.

All Publications »
Exchange Rates
Date: 00:00 00:00
USD 0.00 0.00
EUR 0.00 0.00
GBP 0.00 0.00
UAH 0.00 0.00
ADR bid ask
GAZPROM 0.000.00
LUKOIL 0.00 0.00
ROSNEFT 0.00 0.00
SURGUTNEFTEGAZ 0.000.00
TATNEFT0.00 0.00