Lpg latest news

Here are the latest news updates on LPG (Liquefied Petroleum Gas):

Global LPG Market Trends

• The global LPG market is expected to grow at a CAGR of 4.5% from 2023 to 2028, driven by increasing demand for cleaner-burning fuels and growing use of LPG as a substitute for traditional fuels. (Source: Grand View Research)
• The global LPG market is expected to reach 344 million metric tons by 2025, up from 274 million metric tons in 2020, driven by increasing demand from the industrial and commercial sectors. (Source: ResearchAndMarkets)

LPG Prices

• LPG prices have been rising globally due to supply chain disruptions and increased demand. In the US, LPG prices have risen by 25% in the past year, driven by increased demand from the industrial sector. (Source: Bloomberg)
• In India, LPG prices have been rising due to increased demand and supply chain disruptions. The government has increased the price of LPG by 10% to 15% in recent months. (Source: The Hindu)

LPG Infrastructure and Storage

• The Indian government has approved the construction of 12 new LPG storage terminals across the country, aimed at increasing storage capacity and reducing dependence on imports. (Source: The Economic Times)
• The US Energy Information Administration (EIA) has reported that LPG storage capacity in the US has increased by 15% in the past year, driven by increased demand and investment in infrastructure. (Source: EIA)

LPG Transportation and Logistics

• The global LPG transportation market is expected to grow at a CAGR of 5.5% from 2023 to 2028, driven by increasing demand for LPG and growing use of specialized vessels for transportation. (Source: MarketsandMarkets)
• The Indian government has launched a new initiative to improve LPG transportation and logistics, aimed at reducing delivery times and increasing efficiency. (Source: The Hindu)

LPG Safety and Regulations

• The International Maritime Organization (IMO) has introduced new regulations to improve safety in LPG transportation, including the use of double-hulled vessels and improved cargo handling procedures. (Source: IMO)
• The Indian government has launched a new campaign to promote LPG safety, including awareness programs and inspections of LPG storage facilities. (Source: The Hindu)

These are just a few of the latest news updates on LPG. If you're looking for more information, please let me know!