LPG/NGL
概要
アーガスでは、世界各国のLPGおよびNGLデータサービスを提供しております。当社が提供するLPGデータサービスは、世界で最も支持されているデータサービスの一つであり、日本でも多くの企業様にご活用いただいております。また、世界LPガス協会の年次統計集は2012年からアーガスがその制作を請け負っており、世界主要各国の各種数量統計に加え、各地の国際LPG市場および関連するエネルギー市場動向の総括を発表しております。
アーガス独自の価格インデックスやベンチマークへのアクセス、エキスパートによる業界最新動向の解説、戦略立案に役立つ予想など、透明性・信頼性の高いLPGビジネスインテリジェンスを提供しています。
当社の世界中に点在しているエキスパートチームは、LPG市場の様々な関係者と常に協議を重ね、市場に適した強固なメソドロジーに従い価格をアセスメントしています。当社の価格アセスメントは、サプライチェーン全体の契約に広く利用されており、ICEやCMEを含む取引所に上場されているため、市場全体の価格リスクを管理することができます。
Latest LPG / NGL news
Browse the latest market moving news on the global LPG and NGL's industry.
Syria issues crude, products tenders: Correction
Syria issues crude, products tenders: Correction
Corrects quality of gasoil sought in paragraph 4, from 10ppm to 50ppm. This story was originally published on 22 January Dubai, 30 January (Argus) — The new administration in Syria has issued its first tenders to buy crude and refined products since the fall of Bashar al-Assad's regime in December, as acute fuel shortages continue to cause lengthy blackouts in the country. Tenders seeking 3mn bl of light crude for the 140,000 Banias refinery and 1.2mn bl of heavy crude for the 110,100 b/d Homs refinery close for bidding on 27 January. They have a 10pc flexibility either way on the volumes. The Banias refinery is undergoing maintenance at several of its production units after being taken offline last month because of a lack of crude feedstock. Syria's new administration has also issued its first import tender for refined products — 80,000t of 90 Ron gasoline, 100,000t of 50ppm sulphur gasoil and 100,000t of fuel oil — commencing as soon as possible for delivery over a 30-day period. Offers must be delivered by hand to the oil ministry in Damascus by 14:30 local time on 27 January. A tender seeking 66,000t of LPG has been issued as well. A previous tender for 20,000t of LPG was awarded at mid-teen $/t premiums to fob Lavera west Mediterranean prices. Before Assad was toppled, Syria relied heavily on Iran for its oil supplies, as international sanctions imposed in the wake of the 2011 civil war left the country critically short of feedstock for its refineries. Iran's crude exports to Syria averaged around 55,000 b/d in January-November 2024 and around 80,000 b/d in 2023, according to trade analytics firm Kpler. Iran was also sending around 10,000-20,000 b/d of oil products to Syria in recent years, according to consultancy FGE. But Tehran has halted crude deliveries to Syria since the Islamist group Hayat Tahrir al-Sham took control last month , leaving the new transitional government under pressure to find alternative suppliers. Government-to-government deals are a potential option. "Recent political developments have indicated that Qatar, Saudi Arabia and Turkey could play a role in solving Syria's crude and refined products shortage," FGE analyst Palash Jain said. Saudi Arabia is willing to help for a limited period, but discussions remain in a preliminary phase and are light on details, a source with knowledge of the matter told Argus . Riyadh is waiting to hear more from the Syrians on their energy needs and requirements, the source added. The latest tenders come just two weeks after the US waived sanctions that had previously prohibited energy trade with Syria. The waiver, issued on 6 January, is valid until 7 July. By Rithika Krishna and Bachar Halabi Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
NWE LPG Coasters: Propane trades
NWE LPG Coasters: Propane trades
London, 28 January (Argus) — After almost a week of quiet, Equinor returned to the market for more coaster propane. The bid, for 2,400t of propane meeting Portuguese specifications with maximum 10pc olefins, loading 6-8 February on to the Crystal Valerian, Dream Arrax, Gas Noble, Benriach, or substitute, started at $700/t fob and was quickly booked by Gunvor with tonnes out of Flushing. The deal put the premium to large at $132/t, similar to on Monday but $16.50/t lower than the equivalent differential in the last public deal on 22 January. Thin butane supplies continue to support value around 104pc of physical naphtha. At these levels, prices are driving away cracker interest, leaving only blending buyers. Currently, there is little sign of balances loosening in the short term. As a result ratios are likely to remain strong as long as blenders continue to absorb any available tonnes. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Philippines’ JG Summit to shut petrochemical assets
Philippines’ JG Summit to shut petrochemical assets
Singapore, 28 January (Argus) — Philippine petrochemical producer JG Summit is expected to shut all its petrochemical assets indefinitely after its recent decision to halt operations at its petrochemical complex until the end of Q1. The producer formally informed its employees on potential layoffs in a townhall meeting on 24 January. Operations at Peak Fuel — the producer's wholesale LPG trading arm — will continue to cater for domestic fuel demand. The producer plans to shut its naphtha cracker and downstream polyethylene (PE) and polypropylene (PP) plants in mid-December 2024 to end-March 2025 because of profitability concerns, it announced in November . JG Summit operates a naphtha cracker, which can produce up to 480,000 t/yr of ethylene and 240,000 t/yr of propylene. It also operates a 70,000 t/yr butadiene extraction unit and an aromatics unit with output capacity of up to 90,000 t/yr of benzene, 50,000 t/yr of toluene and 30,000 t/yr of mixed xylenes. Its downstream polymer assets include a 300,000 t/yr PP plant, a 160,000 t/yr linear low-density polyethylene (LLDPE) plant, a 160,000 t/yr high-density polyethylene (HDPE) plant and its newest 250,000 t/yr PE plant, which only began operations around July/August 2024. Its 300,000 t/yr PP plant has been shut since late December 2024-early January 2025. Its 570,000 t/yr PE capacities will be shut by the end of this month. The producer will continue to supply polymer resins to its domestic customers until its inventory is depleted. Philippines consumed around 170,000 t/yr of LLDPE, 240,000 t/yr of HDPE and around 440,000 t/yr of PP in 2024, according to Argus' estimates. The nation will be fully reliant on PE and PP imports after the indefinite closure of JG Summit's petrochemical complex. Challenges for SE Asian producers Southeast Asian polymer producers have been facing strong competition from imported resins and struggled with weak profitability since 2022. PE and PP capacity additions in China since 2020 have led to oversupply of resins and strong global competition, weakening polymer production margins. Chinese producers have been exporting PP to the global markets since 2021. The southeast Asian market is one of its main export outlets. China also achieved a PP self-sufficiency rate of around 95pc in 2024, up from 93pc in 2023, according to Argus estimates. A lack of feedstock cost advantage when compared with producers in the Middle East and US led to weak margins for southeast Asian producers as they compete to retain regional market shares. The indefinite shutdown by JG Summit — the sole PE producer in the Philippines — is expected to further tighten the availability of duty-free PE and PP supplies in the domestic market and the wider southeast Asian market in 2025. Philippine refiner Petron has kept its 160,000 t/yr PP plant off line throughout 2024 and the plant will remain shut for an unspecified period, likely because of weak margins. Vietnam's Long Son shut its new petrochemical complex in Ba Ria-Vung Tau in mid-October 2024 because of similar profitability concerns. The producer is expected to halt operations at its polymer plants until at least the end of first-half 2025 and anticipates slow margin recovery. But the restart of these plants will depend largely on market conditions, according to market sources. Malaysian petrochemical producer Lotte Chemical Titan has also shut its No. 1 290,000 t/yr naphtha cracker and likely reduced production of selected PE and PP grades from mid-December 2024 to mitigate production losses. The restart timeline is unclear. By Yee Ying Ang Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Dow to idle one cracker at Terneuzen: Update
Dow to idle one cracker at Terneuzen: Update
Adds butadiene capacity London, 24 January (Argus) — Dow is postponing a planned turnaround at one of its three steam crackers in Terneuzen, the Netherlands, "due to continued weakened market conditions in the region". This will result in the cracker being idled when its legal inspection dates are reached, understood to be within the next few months. "The decision enables Dow to both navigate soft market conditions in the region and reduce expenditures in 2025, while still enabling the company to safely, reliably, and profitably meet contracted customer commitments", Dow said. Local reports citing workers suggest that the unit in question is the number 3 cracker at Terneuzen. This was expected to have maintenance in 2023, but that was previously postponed to this year and has now been postponed indefinitely. Cracker 3 is the newest unit at Terneuzen and in common with crackers 1 and 2 has a high degree of flexibility for LPG feedstocks, which Dow has repeatedly cited has supported healthy operating margins relative to naphtha-based crackers. But the site is long on cracker products and placing volumes in the market has been challenging because of overall weak demand in Europe. The length was exacerbated by the closure of local derivatives such as ethylbenzene-styrene production operated by Trinseo and cumene production operated by Olin in 2023. It has been unclear how hard the three crackers at Terneuzen have been running in the past two years. Dow's internal and contractual demand may be supported by the remaining two crackers. There is no timeline on any restart, but it is likely to be dependent on demand and investment to complete required maintenance. Terneuzen 3 has nameplate capacities of 600,000 t/yr ethylene and 300,000 t/yr propylene. The other operating crackers have a combined capacity of 1.2mn t/yr, feeding local PE production of 880,000 t/yr. Propylene nameplate capacity of these crackers is 590,000 t/yr, which is shipped to Dow and other customers via vessel or in the northwest European pipeline system. The site also has the capacity to produce up to 170,000 t/yr of butadiene. Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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