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.
Rhine oil traffic stops as water still dropping: Update
Rhine oil traffic stops as water still dropping: Update
Updates throughout Hamburg, 10 August (Argus) — Barge traffic along the River Rhine has largely come to a standstill, disrupting oil product supply in western Germany, barge operators said. Several terminals on the Lower Rhine will be cut off from barge traffic towards the end of the week. The gauge at the key Kaub bottleneck reached a new record low over the weekend, at 17cm. The federal waterways and shipping administration expects it to fall to as little as 4cm by 14 August, making Kaub practically impassable. Historically low levels have already slashed the number of barges able to pass Kaub, and the loads they can carry without running aground. A German shipowner said last week when levels had reached 23cm that a vessel with a maximum capacity of 1,200t can only carry 180t, and that the voyage to Karlsruhe from the Amsterdam-Rotterdam-Antwerp (ARA) hub now takes five days instead of two. Specialised vessels, which are wider and longer but draw less water, can carry a maximum of 700t. The federal waterways and shipping administration also said the water level in Cologne stood at just under 60cm today. Most inland vessel fleets require water levels of around 1m to reach the loading terminals at Cologne Molenkopf, Cologne-Niehl, Godorf and Wesseling, shipping companies said. This threshold was breached at the end of July, and water levels are forecast to fall further to as low as 40cm by mid-month. Loading terminals in western Germany, including Neuss, Duisburg and nearby Bendorf, may also become inaccessible during the week ending 14 August, shipowners said. German policymakers have introduced emergency measures to ease growing logistical constraints along the river. The federal states of North Rhine-Westphalia, Rhineland-Palatinate, Lower Saxony and Saarland have temporarily lifted restrictions on truck traffic on Sundays and public holidays. But it remains unclear whether the oil product sector will benefit from these steps. Replacing a fully loaded barge carrying 2,400t of diesel would require almost 89 road tankers, each with a capacity of 32m³. Fuel traders also report that their tanker fleets are already running above normal utilisation levels because of longer hauls to more competitively priced loading terminals. Product availability in western Germany, especially for road fuels, has tightened in recent weeks, traders said. Many traders that usually buy at tank farms along the Rhine are diverting to the Miro consortium's 310,000 b/d Karlsruhe refinery in southwestern Germany. But supply in southern Germany has also fallen after a leak at a mild hydrocracker at the Bayernoil consortium's 207,000 b/d Vohburg-Neustadt refinery prompted two local suppliers to pull supply from the spot market on 7 August. The restrictions are likely to last a week. By Natalie Müller and Johannes Guhlke Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Rhine barge traffic almost halted, water to drop again
Rhine barge traffic almost halted, water to drop again
Hamburg, 10 August (Argus) — Barge traffic along the River Rhine has largely come to a standstill, disrupting oil product supply in western Germany, barge operators said. The gauge at the key Kaub bottleneck again reached a record low over the weekend, at 17cm, and the federal waterways and shipping administration expects this to fall to as little as 4cm by 14 August. The historically low level has slashed the number of barges able to pass Kaub, and the loads they can carry without running aground. A German shipowner said a vessel with a maximum capacity of 1,200t is moving carrying just 180t, and the voyage to Karlsruhe from the Amsterdam-Rotterdam-Antwerp (ARA) hub now takes five days instead of two. Specialised vessels, which are wider and longer but draw less water, can carry a maximum of 700t. Several states have suspended a law that forbids truck traffic on Sundays and holidays. Product availability in western Germany, especially for road fuels, has tightened in recent weeks, traders said. Many traders that usually buy at tank farms along the Rhine are diverting to the Miro consortium's 310,000 b/d Karlsruhe refinery in southwestern Germany. But supply in southern Germany has also fallen after a leak at a mild hydrocracker at the Bayernoil consortium's 207,000 b/d Vohburg-Neustadt refinery prompted two local suppliers to pull supply from the spot market on 7 August. The restrictions are likely to last a week. By Natalie Müller Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Europe naphtha imports rise on Med, US flows
Europe naphtha imports rise on Med, US flows
London, 5 August (Argus) — European naphtha imports rose in July as arrivals from Mediterranean and north African suppliers increased and shipments from the US reached their highest since August 2025. Imports into Europe totalled 1.74mn t in July, up from 1.25mn t in June, Vortexa data show. Algeria was the largest supplier, at 397,400t, its highest monthly volume since May 2025. Italy supplied 264,700t, Spain 212,300t and the US 160,800t. Algerian flows may have been supported by changes in export routing. Kpler data show no Algerian naphtha cargoes transited the Bab el-Mandeb strait, which links the Red Sea with the Gulf of Aden, en route to Asia in July, compared with 132,000t in June. Algerian exports to Asia via the longer route around the Cape of Good Hope rose to 441,000t from 292,000t. Red Sea security risks and longer voyage times may have encouraged some sellers to keep more supply in Europe. US arrivals reached 160,800t in July, the highest since August 2025, Vortexa data show. The increase followed stronger US Gulf coast export activity in June, when several cargoes were listed for discharge in Antwerp and Rotterdam. But support from the US may prove temporary. By the end of July, US-based participants said arbitrage opportunities into Europe had closed , limiting trading interest and potentially reducing arrivals in the coming months. Strong gasoline blending economics also supported naphtha demand in July. The European gasoline-naphtha spread widened to a three-year high of $341.75/t on 17 July, making naphtha more attractive as a gasoline blendstock. The margin eased to $206-220/t heading into August but remained above the 2026 year-to-date average of $159.50/t and the roughly $120/t average in 2025. European gasoline export demand added to the blending incentive. Exports to Brazil reached 420,000t in July, the highest since October 2022, Kpler data show. Most cargoes originated from the Netherlands and Belgium, while Spain also supplied significant volumes. Brazil may need more alternative gasoline supplies after Russia extended its gasoline export ban until the end of the year. Russia accounted for 38pc of Brazil's gasoline imports in June, government data show. The rise in naphtha imports came despite weak European petrochemical demand. Market participants said low Rhine water levels disrupted inland barge movements, sharply reducing naphtha flows to inland consumers. Several steam crackers cut operating rates because of logistical constraints. Some crackers were nearing minimum feasible run rates as feedstock transport challenges persisted into August, market participants told Argus . By Jide Tijani Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
AltaGas posts record LPG exports, delays Reef project
AltaGas posts record LPG exports, delays Reef project
Asia's supply diversification drive helped boost LPG exports as the firm also aims to become the first ethane exporter outside the US, writes Dennis Kovtun Calgary, 4 August (Argus) — Canadian midstream operator AltaGas has posted another LPG export record for the second quarter, supported by energy security and supply diversification efforts in Asia-Pacific driven by the Iran war. But the company has delayed the start-up of its 56,000 b/d (1.8mn t/yr) Ridley Island energy export facility (Reef) near Prince Rupert in British Columbia to March 2027 from the end of this year because of problems constructing the 1.2km jetty. AltaGas exported 144,400 b/d of LPG to Asia in the second quarter, up by 13pc from a year earlier. This was shipped on 23 VLGCs, of which 13 were carrying 84,800 b/d of propane from its Ridley Island propane terminal (Ripet) and 10 loaded with 59,600 b/d of LPG from its Ferndale facility in the Washington state. "Energy security and supply diversification have become increasingly important in Asia as recent geopolitical events have reinforced the value of reliable supply," AltaGas chief executive Vern Yu says. The challenges faced constructing Reef's in-water jetty that have postponed the project have also raised the overall cost by around 12pc to C$1.5bn ($1.1bn), AltaGas says. "We have lost over 450 rig days due to extreme weather, extreme ocean swells and marine mammal activity," Yu says, adding that the disruption exceeded normal contingency allowances. Reef is about 85pc complete, and its main loading platform is set to be shipped for installation in early September. A methanol removal unit at Ripet is on track for completion by the end of 2026. A separate project to expand Reef's propane export capacity by 30,000 b/d is still scheduled for completion in the second half of 2027. AltaGas has also secured key regulatory permits for a second upgrade that would add 60,000 b/d of LPG capacity and is carrying out engineering work to establish final costs. AltaGas has contracted more natural gas liquids (NGLs) production from Canadian upstream independent Tourmaline under a long-term deal, according to the latter company, without disclosing the volume or duration. The NGLs will be exported from Reef after Tourmaline's Groundbirch-Monias gas processing plant in northeast British Columbia starts up, expected in the fourth quarter of 2027. The two companies also agreed to develop a 10,000 b/d rail terminal beside the plant. Tourmaline will own the terminal and AltaGas will operate it. Tourmaline expects direct rail shipments to the west coast to improve NGL margins by bypassing the transportation, fractionation and storage hub at Fort Saskatchewan, Alberta. AltaGas also plans to add 6,000 b/d of NGL fractionation capacity and improve liquids handling in northeast British Columbia by mid-2028. Train dreams AltaGas is aiming to become the first exporter of ethane outside the US. The company is eyeing the Chinese market as it looks to diversify from its dependence on US ethane, backed by the government and the wider Canadian NGL sector. AltaGas says it has received approval from Canada's transport ministry to move ethane in pressurised railcars, removing an initial barrier to potential exports to Asia by enabling ethane produced at gas processing facilities in Alberta to reach the British Columbia coast by rail. Western Canada rejects around 500,000 b/d (10.3mn t/yr) of ethane into the natural gas stream because of limited domestic demand, Yu says. AltaGas thinks it could initially export 60,000 b/d with scope for substantial growth. That kind of volume would require about 84 railcars, or less than one unit train, assuming each carries roughly 30,000 USG. AltaGas still needs to determine a competitive export rate and would seek a high proportion of tolling or take-or-pay contracts because ethane would be a new product serving one buyer or a small group of buyers in one location. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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