LPG, Bitumen, Methanol Exports Expected to Grow Exponentially

EghtesadOnline: Iran’s monthly LPG output stands at 360,000 tons, of which close to 50,000 tons are distributed in the domestic sector and the rest is exported, showing a 50% rise compared to 2020.

News ID: ۷۵۲۲۷۲

18 February 2023

The export of liquefied petroleum gas had a 120% growth during the first nine months of the current Iranian year (March-December 2022) compared with the same period of last year, a member of the Oil, Gas and Petrochemical Products Exporters Union said.

“In the nine-month period, 6.6 million tons of LPG were exported, which earned $4.9 billion for the country,” Hamid Hosseini was also quoted as saying by ISNA.

Iran's LPG shipments, largely to Asia, have reached 310,000 tons per month. The country’s monthly LPG output stands at 360,000 tons, of which close to 50,000 tons are distributed in the domestic sector and the rest is exported, showing a 50% rise compared to 2020.

Since each ton of LPG can be sold at $500 in international markets and there is high international demand for it, it is more profitable to export it.