Bangladesh is emerging as potentially one of the most significant future international importers of LPG. It’s created a lot of excitement, as well as growing logistical headaches, trying to work out all the pieces that will be needed to fit the puzzle. It’s as much a question of geography as it is economy, I think I did pretty well in geography at school – I’ll leave that for you to decide!
The North West European market used to be really exciting, it was the happening place, new production in both UK and Norwegian sectors, lots of load ports such as Sullom Voe, Braefoot Bay, Grangemouth, Flotta, Tees and Karstoe. The entry of the petrochemical buyers such as ICI in Tees, Dow in Terneuzen, Norsk Hydro in Rafnes, and Esso in Stenungsund. The big boys were all there BP, Shell, Esso Europe, Texaco, Mobil, Gulf and Chevron.
We’ve had quite a few famous people come over to our beach restaurant on the Isle of Wight, I won’t name drop, well, there’s maybe one that recently grabbed my eye that I want to mention. Sat enjoying the view, and the hopefully the food, was Sir Jim Ratcliffe, head of Ineos, one of the world’s largest chemical producers.
It was certainly an eye-opener for me making my first trip to Saudi Arabia back in the mid-1980s, it wasn’t the result of seeing the fairly unimpressive offices of Petromin, then the general petroleum and mineral organization responsible for LPG in the Kingdom, but it was the sight of a multitude of regional representatives from the many Japanese LPG contract holders, all sat patiently in the extremely hot reception area outside the General Manager’s office, Mr
Nicolas Madura and Juan Gualdo remain with their horns locked, in the battle for the Venezuelan presidency. In the meantime, Russia and the U.S. are trying to exert whatever pressure or help they can, in order to gain their own influence. The country is in a mess, with the worst humanitarian crisis seen in the west for a very long time. There’s hyperinflation, with shortages of the most basic food stuffs and medicines.
Many years ago, when I was young and single, I would always come across this guy, I never knew his name, but every new hip bar I went to, he was stood there, glass of champagne in hand. I got to know him, especially as he was able to tell me which the next in-bar would be. I always called him “the Indicator”. It’s funny how we try to spot commodities that can likewise indicate the next big move in the global economy.
I’m currently sat in southern France having just watched some very exciting water jousting along the main canal in Sete, brought to the region by the ancient Greeks, while our eldest son and his two buddies have front row seats for the CS:GO “Esport” pro league final in Montpellier. I guess similar in that the aim of both games is to bludgeon each other, one with a surprisingly sharp stick, the other with an array of software simulated weaponry.
Everyday we have our eyes and ears focused on propane. It’s natural as propane is the most common, by far, of the Natural Gas Liquids (NGLs) processed into individual products. This is exacerbated by the fact that a lot of refinery butanes, over history, never actually leave the refinery front gate. My blog U.S.
The United Kingdom (UK) has a long history with Argentina, at the start of World War I Argentina was the most important supplier of beef to the UK. I always assumed it was Fray Bentos beef, but I’m told that’s in Uruguay. They have also produced some of the finest polo players and ponies to grace the polo fields of England. Eva Peron became the star character in the Andrew Lloyd-Weber musical – Don’t Cry for Me Argentina.