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Purvin & Gertz Announces Lpg Seminar

Purvin & Gertz will hold its 24th Annual International Lpg Seminar on March 28-30 2011 in Texas, USA. The seminar will include workshops on the fundamentals of lp gas markets and understanding ngl feedstock economics.

Talia Szymanski at Pervin & Gertz said: “The pace of change in the lpg industry has accelerated in recent years and the stakes for our businesses are high.

“Economies are recovering from the global recession. Crude oil prices are increasing, but are still far from the highs reached in 2008. Natural gas prices are heavily discounted to crude oil prices, but natural gas production in the US continues at a rapid pace due in part to the economic uplift from natural gas liquids.

“Relatively high production costs for crude oil and continued discoveries of new unconventional sources of natural gas around the world suggest a potentially long period of strong incentives to recover and utilise lpg gas. It’s of great interest to explore which global markets are likely to benefit and grow most rapidly in the face of so much change.

“Meanwhile, there are important implications for international lp gas trade. For example, only five years ago, a global surplus of lpg was finding its way to the US Gulf coast for consumption by the US petrochemical industry. For the past two years, the pattern of waterborne trade has reversed, and the US has been a net waterborne exporter of lpg gas. “Developments regarding US shale gas and oil have only clouded the outlook. There are also many concerns about the US petrochemical companies’ abilities to consume surplus lpg given the evolving supply situation for ethane.

“All these changes in the global lp gas market raise important questions. For example, how fast will global supplies and trade evolve? How will global heating and cooking markets for lpg gas respond to changes in the industry? Is this a golden opportunity for lpg autogas? What are the likely implications for lpg infrastructure? How will these changes impact lp gas pricing?”

Contact Purvin & Gertz on +1 7133 314000 www.purvingertz.com

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