Kazakhstan's TCO cranks up LPG exports to Finland
(Reuters) - Kazakhstan's Tengizchevroil exported about 2,000 metric tons of LPG to Finland by rail last month as the company seeks to expand in new markets, industry sources said on Tuesday
TCO, in which Chevron has a 50% stake, resumed exports of LPG - used as a motor fuel and for household heating - to Finland in November after a seven-year hiatus.
At the same time, Kazakhstan halved LPG rail transit via Russia to 22,300 tons in January, from 40,300 tons a year ealrier, in the face of export restrictions introduced to meet domestic demand.
TCO did not respond to a request for comment.
LPG is a popular car fuel in Kazakhstan, where prices have been regulated since early 2022 after a price spike prompted public unrest.
Exports have also been limited by suspension of shipments to Ukraine, Belarus and Russia's southern ports because of the conflict in Ukraine.
Related News
Related News
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
Comments