India has above-ground and underground storage for LPG, owned by oil marketing and refining companies.

This energy buying pledge—part of an estimated $33 billion in US goods purchases pledged by Jakarta—includes $3.5 billion for LPG, $4.5 billion for crude oil, and $7 billion for refined gasoline, according to the agreement released by the Office of the US Trade Representative on Feb. 19 in Washington.

Top refiners Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. collectively floated a tender to acquire US supplies of liquefied petroleum gas.

Hindustan Petroleum Corp. Ltd. is building an 80,000 mt underground LPG rock cavern in Mangalore, which is expected to be operational by mid-2025, company and government officials said.

China's LPG imports over January-November 2022 rose 7% on the year to 24.2 million mt, led by supply from the US, the UAE, Oman, Qatar and Saudi Arabia, customs data showed.

High spot LNG prices are causing end users to look to alternative fuels for their energy needs,

Steady inflows have lengthened waiting times for Very Large Gas Carriers to discharge at India's terminals,

The US remained China's biggest LPG supplier, sending 648,155 mt in May, but the volume dropped by 13.8% month on month, and fell by 16.3% year on year, customs data showed.

LPG exports from Iran since July-August 2021 were hovering near two-year highs of around 500,000 mt/month

Propane imports fell 11.5% month on month to 1.46 million mt in December, which was partially offset by butane imports rising 9.6% over the same period to 416,006 mt,