DMEA: Additional sanctions on Iran could disrupt LPG flows, says S&P Global

Tighter sanctions on Iran along with ongoing tensions in the Middle East could potentially affect global liquified petroleum gas (LPG) supply, putting Iranian exports into the danger zone while OPEC+ cuts continue to shorten outflows in the region – according to S&P Global Commodity.

Iran is currently an important player in the LPG industry, exporting 1mn tonnes in March, with April volumes at 600,000 tonnes total, according to data from shipping and S&P, with propane accounting for 400,000 tonnes during the month, and butane 200,000.