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Hormuz Crisis Is Rewriting the Global LPG Trade
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OilPrice.com Daily News Update
The traditional LPG supply chain, which cuts across the Middle East, is challenged by rising US exports and mounting geopolitical turmoil.
The strain on the LPG market from the Iran conflict has been visible.
The lower risk and potentially lower insurance costs associated with US export flows, as opposed to those from the Arab Gulf, have realigned the logistics of LPG trade.
In the 2010s, the US flipped from propane importer to exporter, ultimately becoming a powerhouse driving global LPG trade.
Image 1: Data from ELGASAs the need for cleaner fossil fuels grows, analysts project steady expansion in the LPG market.