Where there is gas there is growth – that could be the motto of the liquefied petroleum gas industry, whose leading lights are in Doha in the Gulf for their biggest gathering ever.
The World LPG Forum is pushing the fuel as a cleaner burning alternative and so far has managed to avoid the effects of the slowing global economy.
The LPG Association’s Deputy Managing Director, Michael Kelly, told euronews: “The industry is going through an excellent time – even though globally we are going through complicated and difficult times -and some of that has to do with the fact that the big growth markets for our industry are in the developing world, the countries and the markets that have not experienced an economic downturn.”
Industry analysts are predicting that worldwide demand for LPG will double over the next 15 years and one of the questions being asked at the forum is whether supply can be expanded sufficiently and fast enough to meet that?
Our correspondent in Doha, Maha Barada, said: “There remain big challenges to that growth in demand, mainly the availability of infrastructure and the ability to distribute and transfer the gas.”
LPG, which is derived from the natural gas found when oil is drilled, currently acounts for around three percent of the energy consumed in the world.
The Middle East is expected to overtake North America as the largest LPG producing region this year.