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*topics, speakers and session timing are subject to change

Tuesday, January 17
14:00 Registration Opens
17:00 - 19:00 Pre-conference Welcome Reception
19:00 - 22:00
Gala Dinner
Guest speaker: Michael McFaul

Sponsored by ICE

Wednesday, January 18
07:30 - 08:30 Registration and Breakfast
08:30 - 09:45 Welcome Remarks and Opening Address
Guest speaker: Secretary Leon Panetta

09:45 - 10:00 LPG Summit - Return to Ballroom C
10:00 -11:15 Session 1: The Global LPG Markets in 2017

  • Crude volatility and the impact on LPG: Crude prices have recovered from historic lows in early 2016, but remain depressed and continue to impact the industry. An analysis of market dynamics will shed light on trends and a timeline for recovery.
  • LPG's role in meeting global sustainable energy demands: With the US leading the world in production, where are the next major supply sectors located?
  • Seaborne LPG trade in an unconstrained world – past, present and future: Global seaborne LPG markets have no supply bottlenecks. In the US, shale-based LPG continues to hold promise and production levels remain steady. Iranian sanctions have been lifted and exports have grown, Japanese demand is down, Thai imports have fallen and PDH economics in China and South Korea remain strong. With a number of issues looming, a snapshot summation of the global LPG market is this – too many molecules and too many ships. How long will current market conditions last and when will we see a turnaround? What will it take for the market to balance?

Speakers:
Dominic Haywood, Crude Market Analyst, Energy Aspects
David Appleton,
Senior Analyst, Argus Media
Craig Whitley, President, World Energy Consultants

11:15 - 11:45  Break 
11:45 - 12:30 Session 2: The North American Post-Boom Production Powerhouse, Part 1

  • North American production: Despite low crude and natural gas prices, NGL production continues to rise and has become an increasingly substantial contributor to global supply. A comprehensive look at domestic production sources and trends will paint a picture of supply dynamics.
  • Domestic ethane production and exports: Will enough ethane cracker capacity be built to keep pace with projected growth in production? Will ethane exports solve the US supply overhang, or will propane increasingly intrude on ethane consumption?

Speakers:
Anne Keller, Manager - NGL Research, Wood Mackenzie
Matt Marshall, Senior Trading Analyst, Cargill

12:30 - 13:30 Lunch
13:30 - 15:15 Session 2: The North American Post-Boom Production Powerhouse, Part 2

  • EIA update: A discussion on the upcoming EIA release of the time series of movements of propane, propylene, and butanes, historical trends and changing geographies, and EIA’s methodologies for developing national and regional LPG-by-rail estimates.
  • Mont Belvieu pricing dynamics: Pricing in Mont Belvieu has not behaved as market participants thought it would in recent years. What are the major influencers, and how are they slated to change in the near future?
  • US northeast pipeline infrastructure: Infrastructure needs in the Northeastern US are on the rise in light of significantly lower commodity prices and production growth from the Marcellus and Utica shale plays. What are the near-term effects on the domestic market?
  • LPG by rail: What are the future product flows on US rail routes? Are regulations for pressurized cars impacting NGL rail car availability?

Speakers:
Warren Wilczewski, Industry Economist, Office of Petroleum, Natural Gas & Biofuels Analysis, U.S. Energy Information Administration (EIA)
Bill Briggs, Director, NGL Waterborne Origination, Phillips 66
Ajey Chandra, Managing Director, Muse, Stancil & Co.
Dan Penovich,
President, Mitsui Rail Capital

15:15 - 15:45 Break
15:45 - 17:30 Session 3: Can Latin America Soak Up the Surplus?

  • Mexico: New reforms allow for private traders to import LPG, but so far few have been able to make significant headway in the domestic market as Pemex lowers prices to remain competitive. In the meantime, Mexico is investing in new infrastructure. What is the outlook going forward?
  • Chile: New facilities at Quintero Bay allow the country to import approximately 250,000 t/yr of LPG and to acquire raw materials from the international market. How has the opening of the new facilities affected the Chilean market? 
  • Brazil: In recent years, Brazil has turned to the US to become a long-term supplier, edging out traditional Latin American sources of LPG. As the largest importer of US propane in South America, what does the Brazilian LPG market look like in the near term? Is Brazilian demand large enough to help balance North American oversupply?
Speakers:
Luis Landeros, President, LPGas Distributors Association
Felipe Silva, Supply Manager, ‎Empresas Lipigas S.A.
Karin Krugner Constantinos,
Supply Chain and Logistics Manager, Ultragaz
17:30 Reception
Thursday, January 19
07:30 Registration Opens 
07:30 - 08:30 Delegate Breakfast Specialty Session: Managing Risk

  • Managing oil market risk in an uncertain world
  • Using big data to explore operational and price risk
Speakers:
Brian Jenisch, Managing Director, Energy Risk Management, Cargill
Stan Brownell, Director, Sapient Global Markets
08:30 - 09:30 Opening remarks and keynote address: The globalization of U.S. hydrocarbons

Speaker: Jim Teague, CEO, Enterprise Products Partners
09:30 - 09:45  LPG Summit - Return to Ballroom C
09:45 - 11:00
Session 4: Changes in Regional Consumer Markets

  • Europe: How are regional consumer markets changing? Which European country or region is driving the most demand and where is capacity being added?
  • Canada: Western Canada is flush with stranded LPG, causing propane prices to plummet. How will a new LPG export terminal on British Columbia’s coast help the Canadian market? What obstacles are in place?
Speakers:
Samuel Maubanc,
General Manager, AEGPL
Gerry Goobie,
Principal, Gas Processing Management Inc.
Jamie Fisher,
Director - Energy Exports, Altagas
11:00 - 11:30 Break 
11:30 - 12:15 Session 5: Shipping and Freight Rates

  • Innovative technologies for LPG transport increase flexbility and reduce costs: In a low shipping rates environment, it is essential to reduce the total cost of ownership. Containment technologies offer solutions for cutting shipyard construction costs, operational cost reduction and bringing flexibility and safety to shipowners.
  • Panama Canal expansion: The expansion of the Panama Canal, commercially in use since July of 2016, will allow shorter routes for US Gulf coast LPG exports to Asia. How will this impact trade flows and the freight market?
Speakers:
Aziz Bamik, General Manager, GTT North America
Knut Scharning, President, Gulf Stream Tanker Chartering
12:15 - 13:00 Session 6: Asian Markets

  • Outlook for Chinese PDH: What is driving China’s PDH development? What has been the effect on global propane supply competition? What are the limitations and challenges? 
  • Outlook for term contracts: Following the spate of cargo cancellations seen in the third quarter of 2016, many term buyers are faced with difficult questions on the US market going forward. Is it better to stay in the spot market rather than commit long term? 
Speakers:
Paige Morse, PhD, Vice President, Propylene and Derivatives, Argus
Uday Turaga, CEO, ADI Analytics
13:00 Conference Concludes


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