“Liquefied Petroleum Gas Market: By Application (Residential/Commercial, Chemical, Industrial, Auto Gas, and Others); By Sources (Refineries, Associated Gases, and Non-Associated Gases); and By Geography - Global Forecasts till 2019”
The major
participants operating in the global liquefied petroleum gas market are Gazprom
(Russia), Sinopec (China), Petro China (China), Exxon Mobil (U.S.), Royal Dutch
Shell (Netherlands), Saudi Aramco (Saudi Arabia), Petronas (Malaysia), and British
Petroleum (U.K.), among others. The top four players accounted for over 37% of
the global liquefied petroleum gas market in 2014.
The
key players of global LPG market intends to focus on strategies such as expansion,
supply agreements, and new product launch to increase their customer base and
market share in the global market. Gazprom is the market leader in the global
LPG market and holds the 12% of the market share as of 2014. Its product
portfolio includes exploration, production, distribution, and transportation of
gas. Gazprom expanded its business by planning to build a compressor station in
Yety-Purovskoye field with a large capacity of one billion cubic meters of gas
per year.
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This expansion helps the company to increase its market presence and
to be able to supply more LPG to its end-users. In other agreement, Gazprom
signed a strategic cooperation agreement with Weatherford International (Ireland)
to share knowledge and technical insights over the LPG business.
