LPG demand recovery hit a snag in the past two months following a quick rebound in the second quarter. While the decline in US NGL production appears less steep with robust LPG exports lending support to the shipping market, concerns remain around US production growth going into 2021. Meanwhile, the Covid-19 threat and ongoing uncertainty in the global commodity markets present a hazy outlook for LPG.
Topics to be addressed will include:
• The near-term and long-term outlook for US and Middle East production
• Will LPG supply continue to create demand in the long-term?
• An update on VLGC supply & demand and key factors driving shipping rates
Presented by:
• Zahid Afzal, Senior LPG Analyst, Poten & Partners
• Shantanu Bhushan, LPG Consultant, Poten & Partners
