LPG in World Markets: US Gulf Terminals Seek Flexibility amid High Utilisation

This current feature was extracted from the latest edition of Poten’s LPG in World Markets, a monthly service published on October 2024.

US LPG exports appear on course for yet another year of double-digit y-o-y growth in the current year alongside rising production, stagnating domestic demand and high inventories. However, export terminal capacity expansion to clear out the production overhang has lagged, and market players believe that the installed terminal capacity in the US have hit the ceiling. Although, a few terminal expansion projects have been announced and are under construction, they are still one-to-two years away. As such, export terminals will have to maintain high utilization rates to accommodate for rising exports.

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