Peru’s growing LPG market faces challenges related to production, increasing imports, and transitioning significant portions of its population to cleaner fuels. The country’s growing demand for LPG could impact the global propane markets in the next few years.
Peru is a country that is rich in natural resources. The country’s declining oil production has been boosted by its increased NGL production. However, the country’s growing demand for LPG products for cooking, heating, and Autogas have created a growing energy market that could impact the global propane markets in the coming years.
Brazil faces challenges related to an increasing demand for LPG coupled with a decrease in production. These changes could impact the global propane markets.
Brazil is one of the world’s largest oil producers, with substantial proven reserves, established infrastructure, and one of the world’s largest environmental treasures. The country’s increasing demand for natural gas, coupled with a decrease in production are some of the factors leading to a change in this major energy market.
Guyana’s development as an energy market has the potential to impact the global propane markets. It’s increasing oil and natural gas production will create opportunities for growth and change in the global propane markets.
Guyana is a developing energy market in northern South America. It has the potential to be one of the largest oil and natural gas discoveries in the Western hemisphere. Its growing oil and natural gas production will lead to changes in the global propane markets over the coming decade.
This week we continue our exploration of Colombia – a major energy market in South America. We take a closer look at the country’s growing usage of natural gas and LPG, their decrease in domestic production of these products, and their increasing need for imports in the near future.
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