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Special energy cargoes/LPG - www .iene .gr

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US TRADE AND OTHER <strong>LPG</strong> EXPORTS<br />

0,6 US <strong>LPG</strong> trade (Mio ton)<br />

0,5<br />

0,4<br />

0,3<br />

0,2<br />

0,1<br />

0,0<br />

2004 2005 2006 2007 2008 2009 2010 2011<br />

Imports<br />

Exports<br />

1 000 <strong>LPG</strong> exports (Mio ton)<br />

• US has become an <strong>LPG</strong> exporter because of adverse <strong>LPG</strong> pricing and shale<br />

gas revolution (?)<br />

• Other <strong>LPG</strong> regions are more stable in terms of exports, although Algeria and<br />

North Sea have seen production problems in 2010 explaining lower output<br />

• Exports out of Brazil have doubled in the period 2005 2005-2010 2010 (0.7 to 1.6mio<br />

ton)<br />

• Indian <strong>LPG</strong> imports increasing to 4mio ton <strong>LPG</strong> (almost entirely on MGCs)<br />

Source: Joachim Grieg<br />

900<br />

800<br />

700<br />

600<br />

500<br />

400<br />

300<br />

200<br />

100<br />

0<br />

2007 2008 2009 2010 2011<br />

Algeria<br />

WAFR<br />

NWE<br />

11

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