Petropars Iran (PPI) Company started storing propane and liquefied petroleum gas (LPG) simultaneously in four depots belonging to the refinery of the Phase 19 of the South Pars (SP) Gas Field in the southern Iranian province of Bushehr.
Iranian LPG loadings were showing initial signs of recovery in January 2019 after a near halt in November 2018 following the reimposition of US sanctions on November 4, 2018, shipping and trade sources said.
Iran's LPG shipments loaded, or due for lifting, in August rose by 84,000 tons versus July to around 568,000 tons — the highest since the previous US-led sanctions against Tehran — fixtures from shipping sources showed recently.
Shipments of LPG scheduled to be lifted from Iran in April rose further to around 500,000 tons, almost matching January shipments of 520,000 tons which was the highest volume since Western sanctions against the producer were removed in January 2016, shipping sources said.
Iran's LPG shipments eased to between 358,500 tons and 402,500 tons in February after recording a post-sanctions high of 520,000 tons in January, sustaining robust exports after normal production resumed in mid-November following maintenance at the South Pars Gas Field, fixtures from shipping sources showed this week.
Shipments of LPG from Iran made a strong start to the year, rebounding to 520,000 tons in January, the highest since Western sanctions were lifted in January 2016, updated fixtures from shipping sources showed.
Iran's LPG liftings in January edged up to around 374,000 tons after shipments began recovering in December at 373,000 tons, following a downtrend since September on lower output at the South Pars Gas Field amid a two-month maintenance, trade sources said this week.
Iran's LPG shipments jumped to a year-to-date high of 381,500 tons in July — up 39 percent from around 274,000 tons in June and surpassing the previous high of 360,000 tons in January, shipping and trade sources said this week.
Indian media say the country has for the first time signed a contract to import liquefied petroleum gas (LPG) from Iran as part of New Delhi’s plans to support the rising fuel demand by the urban sector.