Global LPG Storage Survey 2024

This bi-annual survey aims to detail all storage facilities with a capacity of 1,000t and above - with a few facilitates below this figure included where it is considered of strong interest to subscribers.

Research for the 2024 edition was carried out in six continents and collated information on more than 1,300 large storage facilities in over 110 countries – up from around 1,100 from 80 countries in 2022.

It is published as part of the Argus LPG World service and is exclusively available to subscribers.  

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Among the key findings from our latest survey:

China has continued to drive growth in storage capacity, adding two new LPG import terminals capable of storing 320,000t combined over the past year
China also has the most projects that are due to open in the next 1-2 years. But a shift is taking place, with these facilities increasingly linked to ethylene steam crackers rather than propane dehydrogenation plants
China is also increasingly turning to US ethane as a cheaper petrochemical feedstock. This survey includes Satellite Chemical’s ethane terminal in Lianyungang, in northeast China’s Jiangsu province, which can store 320,000t, making it the largest ethane import facility in the world
India’s 1.4mn t/yr Krishnapatnam LPG import terminal on the east coast, which opened this year, and its 35,800t of accompanying storage is included in the survey. As too is shipowner BW LPG and LPG distributor Confidence Petroleum’s import terminal project near Mumbai on the west coast, which will be able to store 62,000t when it opens in around 2026

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And now, as the market takes steps towards sustainability, Argus LPG World also provides key updates on the development of bioLPG, renewable LPG, DME and renewable DME.