Japan’s U.S. LPG imports to hit record in 2017, top the Middle East

22 Dec 2017   Japan

Japan’s liquefied petroleum gas (LPG) imports from the United States are expected to double in 2017 to a record and account for around for around half of its total purchases, government and shipping data showed. The surge comes as shale oil and gas output lifts overall U.S. production to rival that of Saudi Arabia and Russia. As with crude oil, the American exports displace LPG from the Middle East, where regional top producer of crude and LPG Saudi Arabia is losing market share, not least due to knock-on effects from the efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to cut production in order to prop up prices. [O/R] LPG, a byproduct of crude oil and natural gas production, is a mixture of propane and butane and is used for cooking and as a transport fuel. It is also an important feedstock for […]

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