2012STATISTICAL REVIEW OF GLOBAL LP GAS

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STATISTICAL REVIEW OF GLOBAL LP GAS

Introduction 3Key LP Gas Global Statistics 4 Top 10 LP Gas Producers and Consumers 4

Executive Summary 5 2011: A Year of Transition 5

Economic Impact 5

Production Shows Sustained Growth 6

Demand Growth Mixed 7

Chemical Surge 7

Residential Mixed Fortunes 7

Autogas New Market Growth 7

Market Price Conditions 8

Production 9 LP Gas Production 9

Availability to the Local Market 12

Consumption 15 LP Gas Consumption 15

LP Gas Consumption by Sector 18

LP Gas Regional Share of Market 21

Domestic LP Gas Consumption Per Capita for Selected Countries 22

Autogas 23 Autogas Consumption, Vehicles and Dispensing Sites 23

Autogas Demand by Region 24

Top 10 Autogas Consumers 24

Trade, Infrastructure and Shipping 25 Regional LP Gas Trade Flows and Import/Export Changes 25

Major LP Gas Storage Capacity by Region 26

LP Gas Shipping Fleet Capacity 28

LP Gas Shipping Freight Rates 28

Prices 29 Term Contract Prices 29

International Spot LP Gas Prices 29

Background 33 Primary Energy Developments 2011 33

Primary Energy Consumption 34

LP Gas Distribution Chain 37

Methodology 38 DefinitionsandUnitsofMeasurement 38

LP Gas Properties and Conversion Factors 38

World LP Gas Association (WLPGA) and Argus Media 39 About the WLPGA 39

About Argus Media 39

Acknowledgements 39

Disclaimer 40

ConTEnTS

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STATISTICAL REVIEW OF GLOBAL LP GAS

The World LP Gas Association (WLPGA) and Argus are delighted to welcome you to the 2012 edition of the Statistical Review of Global LP Gas.

The review provides an insightful market overview and global comparative analysis. It offers the vital statistical context for the narrative of the LP Gas industry as it has evolved in challenging times — and is acknowledged as a key resource for the LP Gas industry and especially for WLPGA members.

This year the WLPGA celebrates its 25th anniversary and can look back on a period of unprecedented growth for a fuel that is found in every corner of the globe and in an astonishingly wide variety of applications. The statistics show how important petrochemical demand is for the LP Gas industry, but also how the residential and commercial sectors still have a vital role to play and how both sectors have stood up well to the economic malaise in OECD countries.

During the past 25 years the LP Gas industry has seen significant growth and over the next few years even more growth is to come as LP Gas output rises. The 2011 statistics show clear evidence of changing LP Gas supply and demand fundamentals, asoutputsurgesfromtheMiddleEastandweseethebeginningsofgrowthinUSLPGasproductionasaresultofshalegasdevelopment. The future of the LP Gas industry remains an exciting proposition.

The WLPGA and Argus have a longstanding relationship, and this is the inaugural collaboration on the annual Statistical Review of Global LP Gas.

James Rockall, Adrian BinksChief Executive, WLPGA Publisher, Argus Media

InTRoDUCTIon