Iran’s March LPG Exports Rebound To 440,000 Mt, Mostly China-Bound: Sources


Iran’s March LPG Exports Rebound To 440,000 Mt, Mostly China-Bound: Sources

Iran’s LPG shipments recovered to 440,000 mt in March from around 400,000 mt in February, with most of the cargoes destined for China, fixtures from shipping sources showed this week.

One cargo each is bound for Indonesia, India and Taiwan, the fixtures showed.

Shipments for the first three months were estimated at 1.36 million mt, with January registering a post-sanctions high of 520,000 mt.

Shipment resumed to Indonesia in March after a hiatus in February, with international trading firm Petredec lifting aboard the Pacific Shanghai a 44,000 mt evenly split cargo from Iranian Gas Commercial Co., or IGCC, at Assaluyeh on March 7.

The VLGC is now off southeast Sri Lanka and is due to arrive at Teluk Semangka in Sumatra on March 16, according to S&P Global Platts trade flow software cFlow.

No cargoes were seen lifted directly by Indonesia’s Pertamina in March and it was not immediately clear if the state-run company had concluded a new term contract with Iran.

Thai trader Siam Gas has lifted aboard the VLGC Ming De a cargo comprising 33,000 mt of propane and 11,000 mt of butane from IGCC at Assaluyeh on March 9. The vessel, which is now off the Indian west coast, is bound for southern China’s Guangdong, cFlow shows. Read More…

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