
Market News
The Production Volume of Liquified Petroleum Gas will Grow.
Liquefied petroleum gas (LPG) is used as a source of heat, automobile fuel, feedstock for aerosol production, as fuel for forklift trucks and to meet other production and economic needs of the population.
Differential characteristic of LPG as an alternative fuel type is ecological compatibility and economic feasibility of usage, compared to the traditional fuel types.
Supply of LPG to the Russian market in 2006-2008 was going up by 6.3% on the average and reached 13.2 tons in 2008. For the next two years supply of liquefied petroleum gas had increased by almost more than twice. In 2010 supply reached 26.6 million tons. Such expansive growth was connected with the launching the first factory, producing liquefied petroleum gas, by Sakhalin Energy Company, in 2009.
At year-end 2010 demand for Liquefied petroleum gas in Russia amounted to 23.2 million tons with the prevailing export share in the overall structure.
According to BusinesStat analysis, prospects of the Russian liquefied petroleum gas market are connected with the higher-than-anticipated growth of production, compared to the rate of domestic consumption, at the expense of the gas conversion process expansion of the oil-dissolved and natural gases.





