Research Report On China LPG market， 2006

Chapter 2  LPG Global Market Analysis 6
Section I  LPG Global Supply/Demand Status 6
I  2005 Global Production 6
II  Sources & Process Method 6
III  2005 Global Demand 6
IV  Application 8
Section II  LPG Global Trade Status & Outlook 8
I  Demand Boom in Developing Countries 9
II  Less Larger Demand in Mature Markets 11
III  More Output by Year, Adequate Supply 12
IV  Supply-Demand-Balance Affects LPG Global Trade Framework 13
Section III  LPG Market Analysis in China, Japan and Korea 14
I  Asian Demand Leads 14
II  LPG Market in Korea, full demand and fierce competition with LNG 15
III  LPG Market in Japan Goes Mature 18
Section IV  2003-2005 LPG Global Price 19
I  2004-2005 LPG Global Price Review 19
II  Price Fluctuation Analysis, 2003-2005 20

Chapter 3  LPG Market Status Analysis in China 21
Section I  2004 LPG Chinese Market Review 21
I  2004 Supply/Demand 21
II  LPG Price Wave & Effects 26
Section II  2000-2005 LPG Supply Analysis in China 28
I  Supply Makeup 28
II  2000-2005 Output 29
III  2003-2005 Output in Regions 30
IV  2004-2005 Enterprise Output 32
Section III  2000-2005 LPG Demand Analysis in China 35
I  Consumption Makeup 35
II  Consumption Amount 36
Section IV  2000-2005 LPG Import/Export Analysis in China 38
I  1995-2004 Import/Export 38
II  2005 Import/Export 42
III  2006 Huge Demand & Less Import 43
Section V  2000-2005 LPG Price Wave in China 44
I  2004-2005 Prices 44
II  2004-2005 Price Wave Causations Analysis 45
III  2004-2005 Price Wave Analysis 48

Chapter 4  LPG Key Regional Markets Analysis 50
Section I  LPG Regional Markets Analysis in China 50
I  South/East China 50
II  North/Northeast China 52
III  Northwest/Southwest China 53
Section II  LPG Market Status & Development in Guangdong 54
I  Warehouse Equipment Status 55
II  Supply/Demand 56
III  Major Enterprises Analysis 62
IV  Market Insight 64
Section III  What’s Latest about 2006 LPG Market 65
I  Liquid Price Jump 65
II  National Price Overview on June 30, 2006 69
III  LPG Global Market Starts Recovering 69

Chapter 5 Analysis on LPG Market Competition Characteristics and Development Trends 71
Section Ⅰ Fiercer Competition In and Outside of The Industry 71
I. Challenges from natural gas industry 71
II. Development of non-conventional energy like coal-bed methane, dimethyl ether and others 72
III. Seeking cooperation in competition 72
Section II Analysis on development trend of foreign investment in China 80
Section III Sinopec Accelerates LPG Integration 81
I. Advantages of Sinopec in LPG management 81
II. Disadvantages of Sinopec in LPG management 82
III. It is inevitable to form unified LDC sales company 83

Chapter 6  LPG Key Companies at Home and Abroad 85
Section I  Global Well-known Companies 85
Section II  Company Introduction 87
I  PetroChina 87
II  Sinopec 87
III  CNOOC 88
IV  Introduction of Foreign Companies 88
Section III  LPG Manufacturer Analysis 89
I  Sinopec Zhenhai 89
II  Caltex 90
III  CNPC Daqing 91
IV  PetroChina Dalian 92
V  PetroChina Jinzhou 93
Ⅵ  Sinopec Shanghai Waigaoqiao 94
Section IV Part of LPG Distribution Enterprises 96
Ⅰ B P 96
Ⅱ Caltex Shantou Corporation 97
Ⅲ TOTAl 97
Ⅳ Marubeni Corporation 98
Ⅴ Wuhan Minsheng 98
Ⅵ Beijing Yan Hua Xin Lian LPG Co., Ltd. 99
Ⅶ PANVA Gas Holdings, Ltd. 99
Ⅷ SK Gas Company 100

Chapter 7  2006 LPG Industry Development Prediction and Countermeasure Analysis 101
Section Ⅰ Special Information of “Chinese LPG International Conference” 101
I. Five new features appeared in Chinese LPG market under circumstances of high oil price 101
II. Our imported LPG in 2005 was 573.08 million tons 101
III. Chinese national LPG will be in a high status 102
IV. High production cost will continue prohibit the volume of our imported LPG 102
V. The demand of LPG in Shanghai will maintain 50-60 thousand tons in 2010 103
Ⅵ Increase in both supply and demand brings new opportunity to the domestic LPG waterborne market. 104
Section Ⅱ Analysis on 2006 Development Characteristics and Trend of the industry 105
Ⅰ. The LPG prize operating on perch will restrain the demand increase 105
Ⅱ. Pure LPG trading agent is hard to survive 105
Ⅲ. Integration tendency in LPG wholesale and retail is becoming more and more obvious in China. 106
IV. The consumption will increase fast and the consumption structure will be diversified. 106
Ⅴ. LPG market is converting to small and medium-sized towns 107
Section Ⅲ Analysis on Countermeasure of Enterprises 107
Ⅰ. The distributing countermeasure of enterprises and expectation of the future market 107
Ⅱ. Other issues in the competition and some suggestions 108

Table Of Contents

Table 1  LPG National Standards 3
Table 2  Company Standards Q/SH 010.112-1998 5
Table 3  2000-2010 LPG Global Demand 7
Table 4  LPG Consumption Makeup in Korea 16
Table 5  LPG/LNG Civil Consumption in Japan 18
Table 6  CP Global Price, 2004-2005 19
Table 7  WTI/CP price, 2004-2005 20
Table 8  2004 LPG Monthly Output in Northeast China 22
Table 9  2004 LPG Monthly Output in North China 23
Table 10  2004 LPG Monthly Output in East China 24
Table 11  2004 LPG Monthly Output in South China 25
Table 12  2004 Global LPG/Crude Oil Price Wave 27
Table 13  2004 LPG Suppliers’ Market Shares 29
Table 14  2001-2005 LPG Output in China 30
Table 15  2001-2005 LPG Output in China 30
Table 16  2003-2005 LPG Output in Regions in China 31
Table 17 2004 LPG Output in China 32
Table 18  2005 LPG Output in China 34
Table 19  1995-2004 LPG Consumption Makeup in China 36
Table 20  2000-2004 LPG National Apparent Consumption 36
Table 21  2005-2010 LPG National Consumption Forecast 37
Table 22  1995-2004 LPG Import/Export in China 38
Table 23  2004 LPG Importers to China 39
Table 24  2002-2004 LPG Import Dependence 39
Table 25  2004 LPG Importers to China 40
Table 26  2004 LPG Imports to China’s Provinces/Cities 40
Table 27  2003-2004 LPG Importers’ Market Shares 41
Table 28  1990-2006 LPG Supply/Demand in China 44
Table 29  2004-2005 LPG Price Wave in China 44
Table 30  LPG Price Wave at Home and Aboard 45
Table 31  Price Index: Global Oil V.S. National LPG 46
Table 32  2004 Apparent Demand V.S. National Price Index 47
Table 33  2000 LPG Supply/Demand/Consumption in Regions 50
Table 34  2010-2020 LPG Demand Forecast in Guangdong 55
Table 35 2000-2020 LPG Import/Export in Primary Warehouses in Guangzhou 56
Table 36  1990-2002 LPG Consumption in Guangzhou 57
Table 37 1991-2002 GDP/LPG Growth Rates in Guangdong 57
Table 38   LPG Import from 1991 to 2002 58
Table 39  2003-2010 LPG Urban Consumption Forecast at Different Growth Rates 59
Table 40  2006 LNG First-part Project Contract Consumption in Guangdong 60
Table 41  2006-2010 LNG Substitution for LPG in Guangdong 61
Table 42  2003-2010 LPG Demand Forecast in Guangdong 62
Table 43  LPG Primary Warehouse/Coastal Floating Storage Corporations in Guangdong 62
Table 44  2000-2002 LPG Import to Primary Warehouses in Guangdong 63
Table 45  2002 LPG Import to Primary Warehouses in Guangdong 63
Table 46   Floating vessels that have been operated by joint ventures in China 75
Table 47   Constructed LPG first class station established by foreign investment joint venture 76
Table 48   Under constructing LPG first class station established by foreign investment joint venture in China 76
Table 49  Foreign investment joint venture constructed／purchased station of all classes in China 78
Table 50  2003-2005 Sinopec Zhenhai Operation 90
Table 51  2003-2005 Sinopec Zhenhai Operation Index 90
Table 52  2003-2005 Caltex Operation 91
Table 53  2003-2005 Caltex Operation Index 91
Table 54 2003-2005 CNPC Daqing Operation 92
Table 55  2003-2005 CNPC Daqing Operation Index 92
Table 56 2003-2005 PetroChina Dalian Operation 93
Table 57  2003-2005 PetroChina Dalian Operation Index 93
Table 58  2003-2005 PetroChina Jinzhou Operation 94
Table 59  2003-2005 PetroChina Jinzhou Operation Index 94
Table 60  2003-2005 Sinopec Shanghai Waigaoqiao Operation 95
Table 61  2003-2005 Sinopec Shanghai Waigaoqiao Operation Index 95