China Gas is forecast to import 10 million metric tonnes per year (mt/yr) of liquefied petroleum gas (LPG) over the next five years. The Hong Kong-listed gas operator expects the increase from present levels of about 4 million, as it looks to expand into the petrochemical sector, according to sources. China Gas's LPG sales hit 2.8 million mt/yr mt in 2017-2018, up 9% YoY, of which 2.8 million mt of the gas were imported, with the remainder sourced from domestic suppliers.
China Gas is forecast to import 10 million metric tonnes per year (mt/yr) of liquefied petroleum gas (LPG) over the next five years. The Hong Kong-listed gas operator expects the increase from present levels of 2.8 million mt/yr, as it looks to expand into the petrochemical sector, according to sources. China Gas's LPG sales hit about 4 million mt in 2017-2018, up 9% YoY, of which 2.8 million mt of the gas were imported, with the remainder sourced from domestic suppliers.