Despite weak prices across much of the world, LPG export demand out of the US remains strong, thanks to high inventories and declining freight rates, according to Enterprise Products, which operates the largest LPG loading facility in the US.
On its fourth quarter earnings conference call, Enterprise said LPG export loadings increased 19% in the fourth quarter to 299,000 barrels per day (27,000 tonnes) thanks to two expansions last year at Enterprise’s export facility.
“We
