Lpg News

Abu Dhabi's Al Seer Marine Buys LPG Tanker Duo for $67M to Meet Growing Demand

May 27, 2022

Abu Dhabi's Al Seer Marine, a subsidiary of International Holding Company (IHC), has said it has acquired two vessels, valued at a combined AED 246 million ($66,97 million), to meet the 'rapidly growing demand for transportation of liquified petroleum gas (LPG).'Al Seer Marine has purchased LPG tankers, MT Alcor and MT Alkaid, each with a capacity of 20,700 cubic meters. The vessels are expected to provide an internal rate of return (IRR) of 25%…

ONGC, Coast Guard Prevent Disaster as LPG Tanker Goes Adrift Near Offshore Installations

Jul 27, 2021

Indian oil and gas explorer ONGC said Monday it had, together with Coast Guard, helped avert a possible disaster relating to an empty LPG Tanker ‘Gas Yodla’ which went adrift after engine failure in the Arabian Sea on July 24, 2021. 'At 6:35 PM on that day…

Indonesia to Stop LPG and Fuel Imports by 2030

Apr 29, 2021

Indonesia will stop both liquefied petroleum gas (LPG) and fuel imports by 2030 and plans big changes to its energy infrastructure to meet that target, a top energy official said on Thursday.President Joko Widodo has tasked the National Energy Council…

U.S. LPG Exports Grow by 22%: Dorian LPG

Aug 08, 2019

U.S. liquefied petroleum gas (LPG) exports have grown year-over-year by 22% to 22.5 million tons year-to-date (YTD) and Middle East exports have grown on the same basis 3.5% to 22.6 million tons, said Dorian LPG.For the first time, U.S. and Middle East volumes were equal…

Canada Makes First Propane Shipment

Jun 02, 2019

North American energy infrastructure company energy infrastructure company AltaGas celebrated the grand opening of its Ridley Island Propane Export Terminal (RIPET), located in Prince Rupert, British Columbia – the first marine export facility for propane in Canada…

Epic Gas Bullish on LPG Carriers Market

Feb 17, 2019

Global seaborne liquefied petroleum gas (LPG) volume is expected to grow by over 6% in 2019 and surpass 100 million tonnes for the first time.Singapore based provider of pressurised LPG vessels, Epic Gas said that it is well positioned to benefit…

LPG Carrier "Laurel Prime" Christened at MHI

Dec 14, 2018

Mitsubishi Shipbuilding Co.held a christening ceremony for a liquefied petroleum gas (LPG) carrier currently under construction for Astomos Energy Corporation. The christening ceremony was held at the Koyagi Plant of MHI's Nagasaki Shipyard…