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.
African LPG storage boom signals import growth
African LPG storage boom signals import growth
A slew of projects are expected to boost supply, with further investment likely in the coming years, writes Yasmin Zaman London, 6 May (Argus) — A growing number of LPG storage projects are set to improve supply to sub-Saharan Africa as governments and private developers respond to expected demand growth from clean cooking policy targets. Another 10 storage projects with a combined capacity of about 180,000t are due to start up in 2026-28, according to the latest Global LPG Storage Survey . Angolan state-owned Sonangol is to open a further 15,600t of capacity at its new 200,000 b/d Lobito refinery with three more spherical tanks in 2027 — one is already in operation. The refinery, which will process 54,000 b/d initially, is expected to sell its LPG domestically in its early phase, although it may also export to neighbouring markets once operating at capacity. Angola's domestic demand rose by 4pc to 448,000t in 2026, ArgusConsulting data show. The country is a net exporter, shipping 448,000t last year, vessel-tracking data from Kpler show. Ghana is expanding storage at Tema. State-owned Goil is adding 12,000t at its terminal — due to open in the second half of 2026. This will help Ghana's government meet its goal of lifting LPG market penetration to 50pc by 2030 . Ghana consumed about 317,000t of LPG in 2023, with demand set to exceed 400,000 t/yr by 2030, Argus data show. LPG imports to Tema averaged 27,400 t/month in January-April, broadly flat on the year compared with the 2025 average, Kpler data show. Refinery output is up, despite worries of domestic shortages emerging . Nigeria remains sub-Saharan Africa's largest LPG market and a hub of investment as it targets 5mn t/yr of demand by 2030 . Master Energy's long-delayed Port Harcourt terminal joins the list, adding 18,000t of storage this year. Falcon's new terminal at the same port includes 15,000t of capacity but the firm has not confirmed a start-up date. Nigeria's import capacity has grown significantly over the past five years, with storage capacity of nearly 155,000t at largely mainland coastal facilities. This includes Stockgap Fuels' expanded 30,000t facility at Port Harcourt. Yet Nigeria's imports dipped to 196,000t last year from 370,000t in 2024, largely as a result of more supply emerging from the Dangote refinery . Imports averaged only 13,800 t/month in January-April, Kpler data show. Mombasa hub Kenya is driving growth in east Africa and positioning itself as a regional distribution hub, although consumption of about 7 kg/yr is still small and well shy of the government's target of 15 kg/yr . Taifa Gas' 30,000t terminal at Mombasa is one of the largest projects in the survey and is set to open this year. It will be able to receive VLGCs and involves converting an old 70,000 b/d refinery into an LPG import and storage facility. Arrivals to Kenya stood at about 52,800 t/month in January-April, according to Kpler. Neighbouring Tanzania is similarly looking to become an east African import hub. Trading firm Petredec's Tanga import terminal includes 24,000t of storage capacity and is due to open in 2027. It will be the country's first sizeable import terminal capable of taking VLGCs . Tanzania imported 14,100 t/month in January-April, according to Kpler. Its domestic demand stood at about 275,000t in 2025. South Africa is also continuing to see investment in LPG infrastructure. A new terminal at Durban port will add 30,000t of storage capacity by 2027, becoming the country's largest and helping to tackle supply shortages . Petredec is also involved in adding a 6,500t inland unit as part of an LPG rail hub in Gauteng, linked to its Richards Bay terminal, which is set to start up in the first half of 2028 . The list of existing sub-Saharan African LPG storage facilities in the latest survey grows to 76 from 52 in 2024, when the last survey was carried out, while the combined capacity reaches 773,000t, up from 574,000t. These latest additions and the likelihood of further investment suggest a glimpse of what is to come. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
AFEI butane hits record vs propane on India demand
AFEI butane hits record vs propane on India demand
AFEI butane strength is expected to persist even after the war, with increased Indian and southeast Asian buying becoming more influential, writes Frances Goh Singapore, 6 May (Argus) — Northeast Asian butane prices increased to a record premium to propane last month as a result of India moving from a marginal participant on the spot market to a key buyer and driver of regional pricing given the loss of supply from the Middle East. Argus Far East Index (AFEI) butane prices, basis cfr Chiba, jumped to a $45/t premium to propane from $16/t following the outbreak of the US and Israel's conflict with Iran, before surging to $105/t by mid-March as escalating hostilities curtailed exports from the region . The effective closure of the strait of Hormuz abruptly severed India's access to Mideast Gulf LPG exports, which had met more than 95pc of the country's supply in 2025. Indian and southeast Asian importers reliant on butane-heavy Middle Eastern cargoes have been forced to turn to the next largest global supplier, the US, to plug the massive shortfall. After an initial phase of panic buying at steep premiums, Indian buyers in April slowed their spot purchases for May and June shipments, anticipating a reopening of the strait and redeploying time-chartered vessels to load from the US. Indian importers IOC and BPCL in mid-April bought at least four evenly split propane-butane cargoes loading from late May to the first half of June in quick succession, at 24-47¢/USG ($125-245/t) premiums to Mont Belvieu hub prices, according to market participants, propelling US Gulf coast fob butane cargo premiums to record levels ( see p4 ). Strong butane demand from India supported higher netbacks for sellers by lifting AFEI prices as northeast Asian buyers competed for the same US supply. The butane AFEI subsequently rose to a $156/t premium to propane on 22 April, the highest on record and above the nine-year high of $124/t seen in February 2017. The premiums to corresponding delivery month paper for butane cargoes delivered in May and June compared with equivalent propane shipments increased to $60-80/t last month as demand for butane remained strong and propane availability grew. Traders made offers for evenly split US cargoes to buyers in north China, Japan and South Korea based on netbacks to India, while also factoring escalating auction fees at the Panama Canal . Driving down demand But rising butane prices have weighed on northeast Asian demand. South Korean crackers that historically transition to butane when it is valued at 90-95pc of naphtha saw offers reach as high as 115-120pc. In China, ample oil product supply capped demand for butane as refineries increased production and fuel exports were halted in March. This reduced the need for butane feedstock among the country's MTBE producers, which was compounded by increasing butane prices, with the Argus Ningbo Index (ANI) for butane firming by 72pc to $1,14.50/t by 5 May. Concerns over a potential MTBE export ban after Beijing stopped oil products exports in March further curbed MTBE demand for butane, while increased refinery output ensured sufficient LPG availability. The strength of AFEI butane is expected to persist even if the strait opens and LPG shipments from the Mideast Gulf pick up, as damage to multiple oil and gas facilities in the region during the war will continue to constrain supplies for an indeterminate period. Indian and southeast Asian buyers are also predicted to keep ramping up purchases from the US under supply diversification plans, fomented by energy security concerns after the war, giving this regional bloc greater pricing influence on the AFEI in the coming years. Butane AFEI, ANI prices Butane-propane AFEI spread Mideast Gulf butane exports Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
US butane exports hit all-time high in April: Kpler
US butane exports hit all-time high in April: Kpler
Houston, 4 May (Argus) — US butane exports hit an all-time high of 689,000 b/d, or 1.9mn metric tonnes (t), in April as buyers in Asia scrambled to replace lost production out of the Middle East. Data tracking firm Kpler showed US butane loadings surpassed the previous high of 1.76mn t in May 2025, when the US trade war with China rerouted loadings and India — a large buyer of butane for residential use — agreed to take US-origin cargoes as part of a trade deal. India was the primary destination for many of the April exports, with 247,000t en route there in April, according to Kpler. Roughly 231,000t shipped to Morocco, 162,000t went to China and another 134,000t to Korea. Mideast LPG cargoes are predominately split evenly between propane and butane, whereas export terminals in the US are configured to mostly load propane. The resulting surge in demand for US butane pushed spot terminal fees for May and June-loading split cargoes to a 10¢/USG or more premium to full-propane loadings, even as global supplies of both products are tightening in the face of the blockade at the strait of Hormuz. In the US, inventories of butane remained 27.5pc above year-before levels as of February at 33.76mn bl, or 3.13mn t, according to the latest data available from the Energy Information Administration (EIA). Prompt-month US butane prices at Mont Belvieu, Texas, are up by 21.875¢/USG, or 23.6pc, since the war with Iran began but have lagged steeper gains in crude because of ample supplies. US butane stood at 47.2pc of Nymex WTI on 1 May, versus 65.6pc last year. By Amy Strahan Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
India buys spot US LPG as Middle East war persists
India buys spot US LPG as Middle East war persists
Delhi, 23 April (Argus) — Indian state-run oil marketing companies are ramping up LPG imports from the US, over and above their term contracts on the persisting conflict in the Middle East which has curbed ship movements around the strait of Hormuz. State-run BPCL and IOC have made spot LPG purchases this week for May and June loadings at US Mont Belvieu prices at a premium of 47¢ per gallon and in the low-20s¢ to high-30s¢ per gallon, respectively, traders with knowledge of the matter told Argus . These firms have been deploying Indian LPG time charters for the shipments, some of which transited the strait of Hormuz earlier this month. Owing to lower clarity of LPG availability in the Middle East region, Indian OMCs are deploying more of their ships towards the Atlantic coast. BPCL will load two 46,000t evenly split LPG cargoes onto BW Global United LPG and Global United Shipping India joint venture BW Global United LPG-owned BW Chinook and shipping firm Great Eastern Shipping-owned Jag Vasant on 30-31 May. These vessels are likely to reach India by early to mid-July because the voyage takes close to 30 to 45 days. These bookings were part of a spot deal with BW LPG Product Services (BWPS), the in-house trading arm of Oslo-listed BW LPG and refiner Marathon, traders said. BPCL is also set to load another cargo onto BW Global United LPG-owned BW Tyr on 9-10 June, while state-run IOC will also load another very large gas carrier (VLGC) on 4-6 June, traders added. Among these vessels, Jag Vasant and BW Tyr were among the nine LPG carriers that were stuck in the Mideast Gulf because of the US/Israel-Iran war and made a transit via the strait of Hormuz around late March and this month. IOC, BPCL and HPCL signed their first LPG supply contracts with the US for 2026 for 2.2mn t of LPG imports from the US Gulf coast, which will meet around 10pc of India's annual requirements. As part of the deal, IOC, BPCL and HPCL will receive one VLGC shipment each month this year from the US on a delivered basis, totalling 1.65mn t, from Chevron, Phillips 66 and TotalEnergies. The Indian refiners are expected to issue another import tender to make up the remaining target, market participants said. India has already diversified its LPG imports, with shipments coming from Iran and Russia alongside increasing domestic output. LPG production from domestic refineries has ramped up by 40pc, bringing daily LPG output to 50,000 t/d currently against a total daily requirement of around 80,000 t/d, an oil ministry note said. By Rituparna Ghosh and Frances Goh Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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