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China begins importing Iranian LPG after four-month halt

Source: Tehran Times

China imported around 88,000 mt of liquefied petroleum gas (LPG) from Iran in June after a break of four months, as Iran extends exports to North Asia in order to circumvent sanctions aimed at preventing it from exporting oil products, according to a Platts survey.

South Pars Gas Field
Iran's South Pars gas field

The Very Large Gas Carrier (VLGC), Gas Jasmine, discharged its cargo comprising 33,000 mt of propane and 11,000 mt butane at the Chinese port of Daxie, in Ningbo, on June 21 after a voyage from Khor Fakkan in the UAE, according to Platts ship tracking tool cFlow.

This followed a ship-to-ship transfer of the cargo in the Persian Gulf, trade and shipping sources said.

Another vessel, the Schumi, was heard to have delivered an Iranian LPG cargo in early June to an Asian trading firm at the southeastern China port of Shantou, after loading at Bandar Imam Khomeini port in late April, market sources said.

South Korean traders, as well as others in Asia, had largely stopped importing Iranian LPG last October, after the EU sanctions on natural gas exports from Iran were included under tightened trade curbs.

But in January, China imported 10,450 mt of butane from Iran and no propane, data from the country's General Administration of Customs showed. China did not import any LPG from Iran after that until the June shipments.

Market sources said Iran could have delivered LPG into China on a more regular basis had Iranian tanker companies also owned VLGCs, as it has in the case of very large crude carriers (VLCCs) for facilitating the transportation of crude oil.

... Payvand News - 06/29/13 ... --

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